Brokerages Set Viant Technology Inc. (NASDAQ:DSP) Price Target at $17.75

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned an average recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is $17.75.

DSP has been the topic of several research reports. Canaccord Genuity Group lifted their target price on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. JMP Securities lifted their target price on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Craig Hallum lifted their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Scotiabank assumed coverage on Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price on the stock.

Viant Technology Stock Up 3.5 %

Shares of Viant Technology stock opened at $21.37 on Friday. Viant Technology has a 52 week low of $6.31 and a 52 week high of $21.74. The stock’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $11.74. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 356.67 and a beta of 1.00.

Insiders Place Their Bets

In other Viant Technology news, Director Max O. Valdes sold 7,500 shares of the business’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 transaction of $153,825.00. Following the completion of the transaction, the director now owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Larry Madden sold 2,768 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the sale, the chief financial officer now owns 529,848 shares of the company’s stock, valued at $5,950,193.04. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,950 shares of company stock valued at $1,953,817 over the last ninety days. 28.80% of the stock is owned by insiders.

Institutional Trading of Viant Technology

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viant Technology in the second quarter valued at approximately $47,000. FMR LLC boosted its holdings in shares of Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology in the second quarter valued at approximately $84,000. Summit Global Investments purchased a new stake in shares of Viant Technology in the second quarter valued at approximately $111,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Viant Technology in the second quarter valued at approximately $112,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.