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

Viant Technology Inc. (NASDAQ:DSP) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is $15.86.

Several equities research analysts recently commented on DSP shares. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. JMP Securities raised their price objective on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Craig Hallum boosted their target price on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC raised their price target on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th.

Viant Technology Trading Up 5.3 %

DSP stock opened at $16.21 on Wednesday. The stock has a market cap of $1.02 billion, a P/E ratio of 270.21 and a beta of 0.72. Viant Technology has a twelve month low of $5.36 and a twelve month high of $16.97. The company’s 50 day moving average is $11.67 and its two-hundred day moving average is $10.62.

Insider Buying and Selling

In related news, CFO Larry Madden sold 2,768 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the sale, the chief financial officer now owns 529,848 shares in the company, valued at $5,950,193.04. This trade represents 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 this link. Insiders sold a total of 10,419 shares of company stock valued at $116,647 over the last three months. 28.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viant Technology

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology in the second quarter valued at about $47,000. FMR LLC lifted its position in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth approximately $84,000. Summit Global Investments acquired a new stake in shares of Viant Technology in the 2nd quarter worth approximately $111,000. Finally, Mackenzie Financial Corp purchased a new position in Viant Technology in the 2nd quarter valued at approximately $112,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.