Viant Technology (NASDAQ:DSP) Price Target Lowered to $27.00 at Raymond James

Viant Technology (NASDAQ:DSP) had its price objective trimmed by Raymond James from $30.00 to $27.00 in a report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

DSP has been the topic of a number of other research reports. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities increased their target price on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a research note on Tuesday. Scotiabank initiated coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price on the stock. Finally, Canaccord Genuity Group raised their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $21.13.

Viant Technology Price Performance

NASDAQ:DSP opened at $14.12 on Tuesday. The company has a market cap of $887.47 million, a P/E ratio of 235.37 and a beta of 1.01. The stock’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $16.23. Viant Technology has a 1 year low of $7.77 and a 1 year high of $26.33.

Insider Transactions at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the sale, the chief financial officer now directly owns 344,340 shares in the company, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 owns 63,452 shares of the company’s stock, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,068 shares of company stock worth $752,039. Company insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Viant Technology during the fourth quarter valued at approximately $27,000. Summit Investment Advisors Inc. increased its position in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares in the last quarter. FMR LLC grew its position in Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares during the period. Quantbot Technologies LP bought a new stake in Viant Technology in the 4th quarter worth approximately $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Viant Technology in the 4th quarter worth approximately $88,000. 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.