Viant Technology Inc. (NASDAQ:DSP) Receives Consensus Rating of “Buy” from Analysts

Viant Technology Inc. (NASDAQ:DSP) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.25.

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday. JMP Securities lowered their price target on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. DA Davidson assumed coverage on Viant Technology in a report on Friday, August 29th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Canaccord Genuity Group lowered their price target on Viant Technology from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 13,006 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $126,548.38. Following the transaction, the chief financial officer owned 423,255 shares of the company’s stock, valued at $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Christopher Vanderhook sold 8,782 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $9.73, for a total value of $85,448.86. Following the transaction, the chief operating officer directly owned 356,284 shares in the company, valued at approximately $3,466,643.32. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in Viant Technology in the 3rd quarter valued at approximately $31,000. AlphaQuest LLC boosted its holdings in Viant Technology by 287.6% in the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after purchasing an additional 3,443 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Viant Technology in the 2nd quarter valued at approximately $75,000. Corton Capital Inc. purchased a new stake in Viant Technology in the 2nd quarter valued at approximately $150,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Viant Technology in the 2nd quarter valued at approximately $166,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Down 0.6%

DSP opened at $9.03 on Wednesday. The firm has a market cap of $568.45 million, a price-to-earnings ratio of 69.47 and a beta of 1.06. Viant Technology has a 52 week low of $8.11 and a 52 week high of $26.33. The business’s 50 day moving average is $9.21 and its two-hundred day moving average is $11.96.

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.