Raymond James Financial Inc. Takes $3.02 Million Position in Viant Technology Inc. (NASDAQ:DSP)

Raymond James Financial Inc. bought a new position in shares of Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 159,140 shares of the company’s stock, valued at approximately $3,022,000. Raymond James Financial Inc. owned 0.25% of Viant Technology as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DSP. Bank of New York Mellon Corp increased its holdings in Viant Technology by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company’s stock worth $693,000 after purchasing an additional 3,864 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology in the 4th quarter valued at approximately $27,000. SG Americas Securities LLC purchased a new stake in shares of Viant Technology in the 4th quarter valued at approximately $142,000. Ritholtz Wealth Management raised its holdings in shares of Viant Technology by 34.7% in the 4th quarter. Ritholtz Wealth Management now owns 22,484 shares of the company’s stock valued at $427,000 after purchasing an additional 5,794 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Viant Technology during the 4th quarter worth $88,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Trading Down 2.8 %

Shares of Viant Technology stock opened at $12.16 on Friday. The company has a 50-day moving average of $18.54 and a two-hundred day moving average of $16.43. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33. The stock has a market cap of $766.98 million, a PE ratio of 202.70 and a beta of 1.02.

Insider Buying and Selling

In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the transaction, the chief financial officer now owns 344,340 shares of the company’s stock, valued at $7,961,140.80. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 28.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James cut their price target on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a report on Tuesday, March 4th. Canaccord Genuity Group boosted their target price on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Scotiabank began coverage on shares of Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. Finally, JMP Securities lifted their price objective on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology presently has a consensus rating of “Buy” and an average price target of $22.43.

Viant Technology 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.