Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $14.00

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is $15.86.

Several research analysts have commented on the stock. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a research note on Wednesday. Craig Hallum lifted their price target on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a research note on Wednesday. Needham & Company LLC lifted their price target on shares of Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JMP Securities lifted their price target on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday.

Insider Buying and Selling

In related news, CFO Larry Madden sold 3,084 shares of Viant Technology stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the sale, the chief financial officer now owns 538,434 shares in the company, valued at $5,949,695.70. The trade was a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 10,419 shares of company stock valued at $116,647 over the last three months. 28.80% of the stock is owned by company insiders.

Institutional Trading of Viant Technology

Several large investors have recently added to or reduced their stakes in DSP. ClariVest Asset Management LLC bought a new stake in Viant Technology in the second quarter valued at $1,387,000. Acadian Asset Management LLC boosted its holdings in shares of Viant Technology by 659.4% during the 2nd 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. boosted its holdings in shares of Viant Technology by 5,286.9% during the 2nd 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. AQR Capital Management LLC bought a new stake in shares of Viant Technology during the 2nd quarter valued at $236,000. Finally, Martingale Asset Management L P bought a new stake in shares of Viant Technology during the 3rd quarter valued at $254,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of DSP opened at $16.21 on Wednesday. The firm’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $10.53. The company has a market capitalization of $1.02 billion, a P/E ratio of 262.00 and a beta of 0.72. Viant Technology has a 1-year low of $5.36 and a 1-year high of $16.97.

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.