Viant Technology (NASDAQ:DSP) Raised to “Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Viant Technology (NASDAQ:DSP) from a hold rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have $18.00 price target on the stock, up from their prior price target of $13.00.

Separately, Needham & Company LLC restated a “buy” rating and issued a $12.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $15.86.

Viant Technology Stock Up 5.3 %

Shares of DSP stock opened at $16.21 on Wednesday. The business has a 50 day moving average of $11.67 and a two-hundred day moving average of $10.60. Viant Technology has a 52 week low of $5.36 and a 52 week high of $16.97. The company has a market cap of $1.02 billion, a P/E ratio of 270.17 and a beta of 0.72.

Insider Activity

In related news, CFO Larry Madden sold 2,768 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the sale, the chief financial officer now owns 529,848 shares of the company’s stock, valued at $5,950,193.04. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 10,419 shares of company stock valued at $116,647. Insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC increased its position in Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after buying an additional 2,915 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Viant Technology by 1.9% in the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after buying an additional 6,803 shares during the period. State Street Corp lifted its stake in shares of Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after buying an additional 1,722 shares during the period. Dimensional Fund Advisors LP lifted its stake in Viant Technology by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after purchasing an additional 6,064 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after purchasing an additional 123,635 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.