Viant Technology Inc. (NASDAQ:DSP) Given Consensus Rating of “Buy” by Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.5714.

Several research analysts have recently commented on the company. DA Davidson boosted their price objective on Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a report on Tuesday, November 11th. B. Riley Financial reissued a “buy” rating and issued a $16.50 price target (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Tuesday, November 11th. Citizens Jmp cut their target price on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research report on Tuesday, November 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, November 11th.

Insider Activity at Viant Technology

In other news, major shareholder Capital V. Llc sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total value of $176,100.00. Following the completion of the sale, the insider directly owned 22,500 shares in the company, valued at approximately $264,150. The trade was a 40.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Larry Madden sold 13,477 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total transaction of $157,680.90. Following the completion of the sale, the chief financial officer directly owned 409,778 shares of the company’s stock, valued at $4,794,402.60. This trade represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 155,123 shares of company stock valued at $1,729,594. Corporate insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in shares of Viant Technology in the third quarter worth about $31,000. Russell Investments Group Ltd. increased its stake in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC lifted its position in Viant Technology by 431.0% in the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Viant Technology by 620.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the period. Finally, AlphaQuest LLC grew its holdings in shares of Viant Technology by 287.6% in the second quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after purchasing an additional 3,443 shares during the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Performance

NASDAQ:DSP opened at $10.12 on Tuesday. Viant Technology has a 52-week low of $8.11 and a 52-week high of $16.25. The stock has a fifty day moving average of $11.01 and a 200 day moving average of $10.27. The firm has a market capitalization of $631.79 million, a price-to-earnings ratio of 92.01 and a beta of 1.05.

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.