JMP Securities Boosts Viant Technology (NASDAQ:DSP) Price Target to $17.00

Viant Technology (NASDAQ:DSP) had its target price lifted by JMP Securities from $12.00 to $17.00 in a research report sent to investors on Wednesday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other research analysts have also weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $18.00 in a report on Wednesday. Craig Hallum lifted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $18.00 in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.86.

Viant Technology Stock Performance

Shares of NASDAQ DSP opened at $16.21 on Wednesday. The firm has a fifty day moving average of $11.67 and a 200 day moving average of $10.60. The firm has a market cap of $1.02 billion, a PE ratio of 270.17 and a beta of 0.72. Viant Technology has a one year low of $5.36 and a one year high of $16.97.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 3,084 shares of Viant Technology stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the sale, the chief financial officer now directly owns 538,434 shares of the company’s stock, valued at approximately $5,949,695.70. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 10,419 shares of company stock valued at $116,647 over the last 90 days. 28.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viant Technology

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Viant Technology by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after acquiring an additional 6,803 shares in the last quarter. Barclays PLC lifted its stake in Viant Technology by 74.7% during the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after purchasing an additional 16,784 shares during the last quarter. State Street Corp raised its holdings in Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after purchasing an additional 1,722 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Viant Technology during the third quarter worth approximately $254,000. Finally, FMR LLC lifted its position in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after buying an additional 3,123 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

About Viant Technology

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.