Viant Technology Inc. (NASDAQ:DSP) Receives $18.33 Average PT from Brokerages

Viant Technology Inc. (NASDAQ:DSP) has received an average recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.3333.

Several equities research analysts have recently issued reports on DSP shares. DA Davidson raised their target price on Viant Technology from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Rosenblatt Securities raised their price objective on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of Viant Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th.

Viant Technology Trading Down 4.3%

Shares of Viant Technology stock opened at $12.29 on Friday. The business’s fifty day simple moving average is $12.40 and its 200 day simple moving average is $11.79. Viant Technology has a 12 month low of $8.11 and a 12 month high of $14.80. The firm has a market capitalization of $816.92 million, a P/E ratio of 39.65 and a beta of 1.13.

Insider Activity

In related news, CFO Larry Madden sold 14,602 shares of Viant Technology stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $12.10, for a total value of $176,684.20. Following the sale, the chief financial officer owned 342,711 shares of the company’s stock, valued at approximately $4,146,803.10. The trade was a 4.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 92,428 shares of company stock worth $1,168,392. Company insiders own 29.43% of the company’s stock.

Institutional Trading of Viant Technology

A number of large investors have recently bought and sold shares of DSP. Punch & Associates Investment Management Inc. raised its stake in shares of Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after buying an additional 190,248 shares during the period. Royce & Associates LP increased its holdings in Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after acquiring an additional 382,664 shares during the last quarter. Globeflex Capital L P purchased a new stake in Viant Technology in the 2nd quarter worth about $1,316,000. Norwood Investment Partners LP purchased a new stake in Viant Technology in the 4th quarter worth about $1,186,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Viant Technology in the 4th quarter valued at about $873,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides a demand-side platform (DSP) for planning, buying and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase programmatic advertising across channels, including connected television, mobile, desktop, audio and other digital media.

The company’s platform, Adelphic, is designed to support omnichannel campaign management, audience targeting, media planning, identity resolution and performance measurement.