Viant Technology Inc. (NASDAQ:DSP) Receives $21.00 Consensus PT from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP) have received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of equities research analysts have commented on DSP shares. Raymond James decreased their price objective on Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. JMP Securities raised their price target on shares of Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research note on Wednesday, April 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Wednesday, May 7th.

Viant Technology Stock Up 4.7%

NASDAQ:DSP opened at $15.62 on Wednesday. The stock has a fifty day simple moving average of $13.25 and a 200 day simple moving average of $17.01. The firm has a market capitalization of $985.22 million, a price-to-earnings ratio of 260.38 and a beta of 1.19. Viant Technology has a 1-year low of $8.70 and a 1-year high of $26.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Viant Technology during the fourth quarter worth about $27,000. Summit Investment Advisors Inc. boosted its position in Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after purchasing an additional 728 shares during the period. Quantbot Technologies LP acquired a new position in shares of Viant Technology in the fourth quarter valued at $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Viant Technology during the 4th quarter worth about $88,000. Finally, SG Americas Securities LLC bought a new stake in shares of Viant Technology during the 4th quarter worth about $142,000. 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.