Analysts Set Viant Technology Inc. (NASDAQ:DSP) Price Target at $14.00

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.86.

Several research firms have recently issued reports on DSP. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a research report on Wednesday. Craig Hallum lifted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a research report on Wednesday. Needham & Company LLC lifted their price target on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JMP Securities lifted their price target on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday.

Viant Technology Trading Up 5.3 %

Shares of DSP stock opened at $16.21 on Wednesday. The company’s fifty day moving average price is $11.55 and its 200-day moving average price is $10.53. The stock has a market cap of $1.02 billion, a PE ratio of 262.00 and a beta of 0.72. Viant Technology has a 12 month low of $5.36 and a 12 month high of $16.97.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 3,084 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.05, for a total transaction of $34,078.20. Following the completion of the sale, the chief financial officer now owns 538,434 shares of the company’s stock, valued at $5,949,695.70. This represents a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 10,419 shares of company stock valued at $116,647. 28.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its position in shares of Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after purchasing an additional 66,509 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Viant Technology by 39.0% during the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after purchasing an additional 20,668 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Viant Technology during the 2nd quarter valued at about $1,387,000. Acadian Asset Management LLC increased its position in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Viant Technology by 4.4% during the 1st quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock valued at $431,000 after acquiring an additional 1,699 shares during the period. Hedge funds and other institutional investors own 11.38% of the company’s stock.

About Viant Technology

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.