Brokerages Set Viant Technology Inc. (NASDAQ:DSP) Price Target at $18.13

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.1250.

DSP has been the subject of a number of analyst reports. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Thursday, March 12th. Loop Capital set a $14.50 target price on Viant Technology in a research note on Tuesday, March 10th. B. Riley Financial reiterated a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Finally, DA Davidson reissued a “buy” rating and set a $15.50 price target on shares of Viant Technology in a research report on Thursday, March 12th.

Viant Technology Stock Up 1.1%

Viant Technology stock opened at $10.87 on Friday. The business has a fifty day moving average of $10.87 and a two-hundred day moving average of $10.40. The firm has a market cap of $688.61 million, a P/E ratio of 33.97 and a beta of 1.05. Viant Technology has a twelve month low of $8.11 and a twelve month high of $16.25.

Insider Buying and Selling

In related news, CEO Timothy Vanderhook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $11.94, for a total transaction of $59,700.00. Following the completion of the sale, the chief executive officer owned 7,500 shares of the company’s stock, valued at $89,550. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Christopher Vanderhook sold 5,000 shares of Viant Technology stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $11.80, for a total transaction of $59,000.00. Following the completion of the transaction, the chief operating officer directly owned 7,920 shares in the company, valued at $93,456. This represents a 38.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 135,882 shares of company stock worth $1,503,709 in the last 90 days. 28.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in Viant Technology in the third quarter valued at about $31,000. Russell Investments Group Ltd. grew its stake in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC increased its holdings in shares of Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after acquiring an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Viant Technology in the 4th quarter valued at approximately $64,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.