Viant Technology Inc. (DSP) – What Are Researchers Saying About This Stock?

Viant Technology Inc. (NASDAQ:DSP) has been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.33.

DSP has been the topic of several research analyst reports. Rosenblatt Securities increased their price target on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Citizens Jmp boosted their price objective on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Tuesday, August 11th. DA Davidson raised Viant Technology to a “strong-buy” rating in a report on Monday, October 5th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group increased their target price on Viant Technology from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th.

Viant Technology Trading Up 5.1%

Shares of NASDAQ:DSP opened at $13.45 on Wednesday. The firm has a market cap of $894.02 million, a PE ratio of 43.39 and a beta of 1.11. The company has a fifty day simple moving average of $12.66 and a 200 day simple moving average of $11.98. Viant Technology has a 12-month low of $8.35 and a 12-month high of $14.80.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 27,451 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total value of $358,510.06. Following the completion of the sale, the chief financial officer directly owned 398,371 shares in the company, valued at approximately $5,202,725.26. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 sold 82,620 shares of company stock valued at $1,050,784. 29.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in DSP. Versant Capital Management Inc boosted its holdings in Viant Technology by 202.3% in the second quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after purchasing an additional 1,855 shares during the period. Meeder Asset Management Inc. bought a new stake in Viant Technology during the first quarter valued at $97,000. Hillsdale Investment Management Inc. bought a new stake in Viant Technology during the first quarter valued at $320,000. Squarepoint Ops LLC increased its stake in Viant Technology by 8.8% during the second quarter. Squarepoint Ops LLC now owns 39,568 shares of the company’s stock valued at $501,000 after purchasing an additional 3,207 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Viant Technology during the second quarter valued at $609,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Company Profile

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

The company’s technology is designed to support people-based and omnichannel advertising, allowing customers to use first-party data, audience segmentation, identity solutions, automated media buying, and campaign measurement tools.