Needham & Company LLC Forecasts Strong Price Appreciation for Viant Technology (NASDAQ:DSP) Stock

Viant Technology (NASDAQ:DSP) had its price target upped by Needham & Company LLC from $18.00 to $21.00 in a research note released on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on DSP. Craig Hallum raised their price objective on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. JMP Securities raised their price objective on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Scotiabank assumed coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group raised their price objective on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology currently has a consensus rating of “Buy” and an average price target of $18.13.

Viant Technology Stock Performance

Viant Technology stock opened at $19.17 on Friday. The stock has a 50-day moving average of $18.70 and a two-hundred day moving average of $13.63. Viant Technology has a one year low of $6.50 and a one year high of $21.74. The stock has a market cap of $1.20 billion, a PE ratio of 319.55 and a beta of 0.98.

Insider Buying and Selling

In other Viant Technology news, Director Max O. Valdes sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $20.51, for a total value of $153,825.00. Following the sale, the director now directly owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. This trade represents a 10.57 % 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, CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total value of $267,967.84. Following the completion of the sale, the chief financial officer now directly owns 358,624 shares in the company, valued at approximately $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,313 shares of company stock valued at $2,122,470 over the last ninety days. Company insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several institutional investors have recently bought and sold shares of DSP. Federated Hermes Inc. grew its holdings in Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after purchasing an additional 66,509 shares during the period. JPMorgan Chase & Co. grew its holdings in Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after purchasing an additional 48,826 shares during the period. AQR Capital Management LLC acquired a new stake in Viant Technology in the second quarter valued at approximately $236,000. Martingale Asset Management L P purchased a new position in shares of Viant Technology in the third quarter valued at approximately $254,000. Finally, Squarepoint Ops LLC lifted its position in shares of Viant Technology by 42.8% in the second quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock valued at $721,000 after acquiring an additional 21,888 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.