Viant Technology Inc. (NASDAQ:DSP) Receives $19.29 Average Price Target from Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned an average rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $20.29.

Several equities analysts recently commented on the company. Needham & Company LLC boosted their target price on Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. JMP Securities raised their target price on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, January 27th. Scotiabank started coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target for the company. Finally, Canaccord Genuity Group increased their price target on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 67,243 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total value of $1,021,421.17. Following the transaction, the chief financial officer now owns 461,107 shares in the company, valued at approximately $7,004,215.33. This trade represents a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now owns 63,452 shares of the company’s stock, valued at $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,815 shares of company stock worth $2,105,138. 28.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viant Technology

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in Viant Technology in the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Viant Technology in the 4th quarter worth about $88,000. FMR LLC lifted its position in shares of Viant Technology by 77.9% in the 3rd 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 period. SG Americas Securities LLC purchased a new position in shares of Viant Technology during the fourth quarter valued at about $142,000. Finally, Victory Capital Management Inc. bought a new position in Viant Technology in the third quarter worth about $122,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Up 0.5 %

DSP opened at $22.13 on Monday. The firm has a 50-day moving average price of $19.65 and a 200-day moving average price of $14.47. Viant Technology has a twelve month low of $7.77 and a twelve month high of $22.67. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 368.89 and a beta of 0.98.

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.