Viant Technology Inc. (NASDAQ:DSP) Receives $19.29 Consensus Price Target from Analysts

Viant Technology Inc. (NASDAQ:DSP) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.29.

Several equities analysts have commented on the stock. JMP Securities increased their price target on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday. Scotiabank initiated coverage on Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group upgraded shares of 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 note on Wednesday, November 13th. Canaccord Genuity Group increased their price objective on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Craig Hallum lifted their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Viant Technology Stock Up 1.4 %

NASDAQ DSP opened at $21.70 on Monday. The stock has a market capitalization of $1.36 billion, a PE ratio of 361.73 and a beta of 0.98. The firm has a 50 day moving average of $19.52 and a two-hundred day moving average of $14.29. Viant Technology has a 52 week low of $7.77 and a 52 week high of $21.91.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 22,504 shares of Viant Technology stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.03, for a total value of $383,243.12. Following the transaction, the chief financial officer now directly owns 392,634 shares of the company’s stock, valued at $6,686,557.02. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,815 shares of company stock valued at $2,105,138. Company insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Viant Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after purchasing an additional 6,064 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Viant Technology by 55.1% during the second quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock valued at $207,000 after purchasing an additional 7,437 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Viant Technology by 42.8% in the 2nd quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock worth $721,000 after acquiring an additional 21,888 shares during the period. AQR Capital Management LLC acquired a new stake in Viant Technology in the second quarter worth approximately $236,000. Finally, Mackenzie Financial Corp acquired a new position in Viant Technology during the second quarter worth about $112,000. Institutional investors and hedge funds 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.