Canaccord Genuity Group Forecasts Strong Price Appreciation for Viant Technology (NASDAQ:DSP) Stock

Viant Technology (NASDAQ:DSP) had its price objective raised by stock analysts at Canaccord Genuity Group from $18.00 to $22.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 16.53% from the company’s current price.

DSP has been the subject of several other research reports. Needham & Company LLC boosted their target price on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Craig Hallum lifted their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, JMP Securities upped their price target on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $16.43.

Viant Technology Trading Up 3.5 %

Viant Technology stock opened at $18.88 on Monday. The firm has a market capitalization of $1.19 billion, a PE ratio of 314.67 and a beta of 0.72. Viant Technology has a 12-month low of $5.94 and a 12-month high of $19.46. The firm has a 50-day moving average price of $13.25 and a 200-day moving average price of $11.30.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 67,243 shares of Viant Technology stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the transaction, the chief financial officer now directly owns 461,107 shares of the company’s stock, valued at $7,004,215.33. This trade represents a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 100,166 shares of company stock worth $1,521,311 over the last three months. 28.80% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Viant Technology in the 2nd quarter valued at about $47,000. FMR LLC grew its holdings in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology during the second quarter worth $84,000. Victory Capital Management Inc. purchased a new stake in shares of Viant Technology during the 3rd quarter valued at $122,000. Finally, Summit Global Investments acquired a new stake in shares of Viant Technology in the 2nd quarter worth $111,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

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.