Viant Technology (NASDAQ:DSP) Price Target Cut to $18.00 by Analysts at Raymond James

Viant Technology (NASDAQ:DSP) had its target price decreased by Raymond James from $27.00 to $18.00 in a research report sent to investors on Friday morning,Benzinga reports. Raymond James currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on DSP. JMP Securities increased their target price on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $21.14.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $12.99 on Friday. Viant Technology has a fifty-two week low of $7.77 and a fifty-two week high of $26.33. The company’s 50-day moving average is $16.60 and its 200 day moving average is $16.62. The company has a market capitalization of $819.33 million, a P/E ratio of 216.54 and a beta of 1.21.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the transaction, the chief financial officer now directly owns 344,340 shares in the company, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after buying an additional 3,123 shares during the period. State Street Corp grew its stake in Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares in the last quarter. Barclays PLC increased its holdings in Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after acquiring an additional 16,784 shares during the period. Geode Capital Management LLC grew its position in shares of Viant Technology by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after buying an additional 48,826 shares in the last quarter. 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.