Viant Technology (NASDAQ:DSP) Price Target Raised to $18.00

Viant Technology (NASDAQ:DSP) had its price target boosted by Needham & Company LLC from $12.00 to $18.00 in a research note released on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

DSP has been the topic of a number of other reports. Craig Hallum raised their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $18.00 in a research note on Wednesday. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $18.00 in a report on Wednesday. Finally, JMP Securities lifted their target price on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $15.86.

Viant Technology Stock Performance

NASDAQ DSP opened at $16.21 on Wednesday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 270.17 and a beta of 0.72. The business has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $10.59. Viant Technology has a 52-week low of $5.36 and a 52-week high of $16.97.

Insider Activity

In other news, CFO Larry Madden sold 2,768 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the sale, the chief financial officer now owns 529,848 shares of the company’s stock, valued at approximately $5,950,193.04. This represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 10,419 shares of company stock worth $116,647 in the last quarter. Corporate insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in shares of Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after purchasing an additional 66,509 shares during the last quarter. Quadrature Capital Ltd raised its stake in Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after buying an additional 20,668 shares during the period. ClariVest Asset Management LLC bought a new stake in Viant Technology in the second quarter valued at approximately $1,387,000. Acadian Asset Management LLC boosted its stake in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after acquiring an additional 123,635 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth approximately $84,000. 11.38% of the stock is owned by institutional investors.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.