Viant Technology (NASDAQ:DSP) Trading Up 4.2% – Still a Buy?

Viant Technology Inc. (NASDAQ:DSP)’s share price traded up 4.2% during mid-day trading on Tuesday . The company traded as high as $13.10 and last traded at $12.93. 250,499 shares were traded during trading, an increase of 18% from the average session volume of 213,180 shares. The stock had previously closed at $12.41.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DSP shares. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research note on Wednesday. JMP Securities lifted their price target on shares of Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Raymond James cut their price objective on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Finally, Scotiabank started coverage on Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has an average rating of “Buy” and an average price target of $22.43.

Viant Technology Stock Down 7.2 %

The stock has a market capitalization of $798.52 million, a PE ratio of 211.04 and a beta of 1.02. The stock’s 50 day moving average price is $18.13 and its 200-day moving average price is $16.53.

Insiders Place Their Bets

In related news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Viant Technology by 102.2% during the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after acquiring an additional 48,826 shares during the last quarter. Geode Capital Management LLC lifted its stake in Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Barclays PLC boosted its holdings in shares of Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Viant Technology during the fourth quarter valued at about $80,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Viant Technology in the fourth quarter worth about $3,022,000. 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.