Viant Technology (NASDAQ:DSP) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a $21.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. JMP Securities raised their price objective 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. Raymond James dropped their price target on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, Scotiabank began coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $22.43.

Viant Technology Stock Performance

Viant Technology stock opened at $13.64 on Wednesday. Viant Technology has a one year low of $7.77 and a one year high of $26.33. The stock has a fifty day moving average of $18.13 and a 200 day moving average of $16.53. The stock has a market cap of $860.33 million, a PE ratio of 227.37 and a beta of 1.02.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the sale, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in Viant Technology in the 4th quarter worth $521,000. Two Sigma Investments LP purchased a new stake in shares of Viant Technology in the fourth quarter worth about $197,000. Two Sigma Advisers LP purchased a new stake in shares of Viant Technology in the fourth quarter worth about $302,000. Nuveen Asset Management LLC boosted its stake in Viant Technology by 81.7% during the fourth quarter. Nuveen Asset Management LLC now owns 59,881 shares of the company’s stock valued at $1,137,000 after buying an additional 26,930 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in Viant Technology during the 4th quarter valued at approximately $578,000. 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.