Viant Technology’s (DSP) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report released on Thursday,Benzinga reports. Rosenblatt Securities currently has a $20.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research report on Tuesday, March 10th. DA Davidson reissued a “buy” rating and set a $15.50 target price on shares of Viant Technology in a research report on Thursday, March 12th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. B. Riley Financial reaffirmed a “buy” rating and issued a $17.00 price target (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th. Finally, Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Viant Technology currently has an average rating of “Buy” and an average price target of $17.79.

Viant Technology Stock Performance

Shares of Viant Technology stock opened at $11.61 on Thursday. The company has a market capitalization of $735.49 million, a PE ratio of 36.28 and a beta of 0.94. The company has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.57. Viant Technology has a one year low of $8.11 and a one year high of $16.25.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 7,297 shares of Viant Technology stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $11.31, for a total value of $82,529.07. Following the completion of the sale, the chief financial officer directly owned 593,027 shares in the company, valued at $6,707,135.37. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy Vanderhook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $11.94, for a total transaction of $59,700.00. Following the sale, the chief executive officer directly owned 7,500 shares in the company, valued at approximately $89,550. This represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 143,179 shares of company stock valued at $1,586,238 in the last three months. 29.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in DSP. Russell Investments Group Ltd. raised its stake in Viant Technology by 86.9% in the 4th 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 grew its stake in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Viant Technology by 620.8% during 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. Farther Finance Advisors LLC acquired a new position in shares of Viant Technology in the third quarter valued at about $31,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Viant Technology in the fourth quarter valued at about $64,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.