Viant Technology (NASDAQ:DSP) Price Target Raised to $17.00 at JMP Securities

Viant Technology (NASDAQ:DSP) had its target price lifted by JMP Securities from $12.00 to $17.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other research analysts also recently issued reports on the stock. Craig Hallum raised their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $18.00 in a research report on Wednesday. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $18.00 in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $15.86.

Viant Technology Trading Up 5.3 %

DSP stock opened at $16.21 on Wednesday. The company has a market capitalization of $1.02 billion, a P/E ratio of 270.17 and a beta of 0.72. The business has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $10.60. Viant Technology has a twelve month low of $5.36 and a twelve month high of $16.97.

Insider Activity

In related news, CFO Larry Madden sold 3,084 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total value of $34,078.20. Following the sale, the chief financial officer now owns 538,434 shares of the company’s stock, valued at approximately $5,949,695.70. This represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 10,419 shares of company stock worth $116,647 over the last 90 days. 28.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Viant Technology by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Barclays PLC boosted its stake in shares of Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after purchasing an additional 16,784 shares during the last quarter. State Street Corp grew its holdings in shares of Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after buying an additional 1,722 shares in the last quarter. Martingale Asset Management L P acquired a new position in shares of Viant Technology in the third quarter valued at approximately $254,000. Finally, FMR LLC lifted its stake in shares of Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after buying an additional 3,123 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

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.