JMP Securities Forecasts Strong Price Appreciation for Viant Technology (NASDAQ:DSP) Stock

Viant Technology (NASDAQ:DSP) had its price target increased by stock analysts at JMP Securities from $17.00 to $24.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective would suggest a potential upside of 12.20% from the company’s current price.

DSP has been the subject of a number of other reports. Scotiabank assumed coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Craig Hallum increased their price objective on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group boosted their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC upped their target price on Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $20.29.

Viant Technology Trading Up 5.9 %

Shares of NASDAQ DSP opened at $21.39 on Monday. The company’s 50-day moving average price is $19.45 and its 200 day moving average price is $14.23. Viant Technology has a 52 week low of $7.77 and a 52 week high of $21.74. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 356.56 and a beta of 0.98.

Insider Buying and Selling at Viant Technology

In other news, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the transaction, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Larry Madden sold 67,243 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the sale, the chief financial officer now directly owns 461,107 shares of the company’s stock, valued at approximately $7,004,215.33. The trade was a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,815 shares of company stock valued at $2,105,138 over the last three months. 28.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors have recently made changes to their positions in DSP. FMR LLC increased its stake in 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 purchasing an additional 3,123 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Viant Technology during the 4th quarter valued at about $88,000. Mackenzie Financial Corp acquired a new stake in Viant Technology during the second quarter worth about $112,000. Victory Capital Management Inc. bought a new position in Viant Technology in the third quarter worth about $122,000. Finally, Algert Global LLC acquired a new position in Viant Technology in the second quarter valued at approximately $128,000. 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.