Viant Technology (NASDAQ:DSP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Viant Technology (NASDAQ:DSP) from a hold rating to a buy rating in a research report released on Saturday.

A number of other research analysts have also recently commented on DSP. DA Davidson reissued a “buy” rating and issued a $15.50 target price on shares of Viant Technology in a report on Thursday, March 12th. Loop Capital set a $14.50 price target on shares of Viant Technology in a report on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, B. Riley Financial restated a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus price target of $18.13.

Viant Technology Stock Down 4.6%

NASDAQ:DSP opened at $11.75 on Friday. Viant Technology has a twelve month low of $8.11 and a twelve month high of $16.25. The stock’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $10.33. The firm has a market capitalization of $733.55 million, a PE ratio of 36.72 and a beta of 1.05.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 13,477 shares of Viant Technology stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total transaction of $157,680.90. Following the transaction, the chief financial officer directly owned 409,778 shares of the company’s stock, valued at approximately $4,794,402.60. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Capital V. Llc sold 15,000 shares of Viant Technology stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $11.74, for a total value of $176,100.00. Following the transaction, the insider directly owned 22,500 shares in the company, valued at $264,150. The trade was a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 155,123 shares of company stock valued at $1,729,594 in the last three months. Insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in DSP. Farther Finance Advisors LLC bought a new stake in Viant Technology in the third quarter valued at approximately $31,000. Russell Investments Group Ltd. raised its holdings in Viant Technology by 86.9% during 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 last quarter. CWM LLC raised its holdings in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after purchasing an additional 2,483 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Viant Technology in the 4th quarter worth approximately $64,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Company Profile

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.