Viant Technology (NASDAQ:DSP) Receives Hold Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of Viant Technology (NASDAQ:DSP) in a research report report published on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a $11.00 price objective on the stock.

Separately, Needham & Company LLC reaffirmed a buy rating and issued a $12.00 target price on shares of Viant Technology in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Viant Technology has an average rating of Moderate Buy and an average price target of $11.80.

Viant Technology Stock Up 6.1 %

Shares of Viant Technology stock opened at $10.28 on Tuesday. The stock has a market cap of $652.73 million, a PE ratio of -85.67 and a beta of 0.74. The business has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $9.63. Viant Technology has a 12 month low of $4.98 and a 12 month high of $12.36.

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of DSP. ClariVest Asset Management LLC purchased a new stake in shares of Viant Technology during the second quarter worth $1,387,000. Acadian Asset Management LLC raised its holdings in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after buying an additional 123,635 shares in the last quarter. Federated Hermes Inc. raised its holdings in Viant Technology by 5,286.9% during the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after buying an additional 66,509 shares in the last quarter. G2 Investment Partners Management LLC raised its holdings in Viant Technology by 11.6% during the fourth quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock valued at $2,969,000 after buying an additional 44,779 shares in the last quarter. Finally, Bailard Inc. bought a new position in Viant Technology during the fourth quarter valued at about $260,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

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.