Viant Technology (NASDAQ:DSP) Raised to “Strong-Buy” at B. Riley

Viant Technology (NASDAQ:DSP) was upgraded by equities researchers at B. Riley to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. Raymond James Financial decreased their price target on Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, JMP Securities decreased their price target on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $19.25.

Viant Technology Trading Up 1.3%

NASDAQ:DSP opened at $8.77 on Monday. The firm has a market cap of $552.07 million, a PE ratio of 67.47 and a beta of 1.06. The stock has a fifty day moving average price of $9.27 and a 200 day moving average price of $12.12. Viant Technology has a 12-month low of $8.11 and a 12-month high of $26.33.

Insider Activity at Viant Technology

In other Viant Technology news, COO Christopher Vanderhook sold 8,782 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $85,448.86. Following the completion of the sale, the chief operating officer directly owned 356,284 shares of the company’s stock, valued at $3,466,643.32. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Larry Madden sold 13,006 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total value of $126,548.38. Following the sale, the chief financial officer directly owned 423,255 shares of the company’s stock, valued at approximately $4,118,271.15. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in DSP. Fort Washington Investment Advisors Inc. OH acquired a new position in Viant Technology during the 2nd quarter worth approximately $8,443,000. Granite Investment Partners LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth approximately $7,239,000. Lord Abbett & CO. LLC purchased a new stake in shares of Viant Technology during the 1st quarter worth approximately $4,023,000. Punch & Associates Investment Management Inc. boosted its stake in shares of Viant Technology by 37.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after acquiring an additional 267,326 shares in the last quarter. Finally, Norwood Investment Partners LP purchased a new stake in shares of Viant Technology during the 1st quarter worth approximately $2,881,000. Institutional investors and hedge funds 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.