Victory Capital Management Inc. Makes New Investment in Viant Technology Inc. (NASDAQ:DSP)

Victory Capital Management Inc. bought a new stake in Viant Technology Inc. (NASDAQ:DSP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,012 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology during the second quarter worth $47,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth $84,000. Summit Global Investments acquired a new position in shares of Viant Technology during the 2nd quarter worth $111,000. Mackenzie Financial Corp purchased a new position in shares of Viant Technology in the 2nd quarter valued at about $112,000. Finally, Algert Global LLC acquired a new stake in shares of Viant Technology in the second quarter valued at about $128,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Viant Technology stock opened at $18.88 on Friday. The firm’s 50-day moving average is $13.25 and its two-hundred day moving average is $11.29. The stock has a market capitalization of $1.19 billion, a P/E ratio of 314.72 and a beta of 0.72. Viant Technology Inc. has a 12-month low of $5.94 and a 12-month high of $19.46.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 22,504 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.03, for a total value of $383,243.12. Following the sale, the chief financial officer now directly owns 392,634 shares of the company’s stock, valued at approximately $6,686,557.02. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 100,166 shares of company stock valued at $1,521,311. Company insiders own 28.80% of the company’s stock.

Analysts Set New Price Targets

DSP has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities raised their price objective on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC lifted their price objective on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Finally, Craig Hallum lifted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $15.86.

Viant Technology 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.