Viant Technology (NASDAQ:DSP) Price Target Raised to $22.00 at Canaccord Genuity Group

Viant Technology (NASDAQ:DSP) had its target price increased by Canaccord Genuity Group from $18.00 to $22.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on DSP. Craig Hallum raised 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, November 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, November 13th. Needham & Company LLC boosted their price target on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, JMP Securities increased their price objective 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, November 13th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $16.43.

Viant Technology Stock Up 2.2 %

Shares of Viant Technology stock opened at $19.30 on Monday. Viant Technology has a twelve month low of $6.31 and a twelve month high of $19.46. The company’s 50 day moving average is $13.25 and its 200 day moving average is $11.30. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 319.00 and a beta of 0.72.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the company’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 transaction, the chief financial officer now directly owns 529,848 shares in the company, valued at $5,950,193.04. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 100,166 shares of company stock worth $1,521,311 over the last quarter. 28.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Viant Technology during the 2nd quarter valued at approximately $47,000. FMR LLC grew 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Viant Technology in the second quarter worth $84,000. Summit Global Investments purchased a new stake in Viant Technology during the second quarter valued at $111,000. Finally, Mackenzie Financial Corp bought a new position in Viant Technology during the second quarter valued at $112,000. 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.