Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has earned a consensus recommendation of "Buy" from the ten ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.7778.
A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a research note on Tuesday, August 12th. Canaccord Genuity Group dropped their price objective on shares of Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Raymond James Financial dropped their price objective on shares of Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Viant Technology in a research note on Saturday, September 27th.
Check Out Our Latest Research Report on DSP
Insider Activity at Viant Technology
In other Viant Technology news, CFO Larry Madden sold 13,006 shares of the firm'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 completion of the sale, the chief financial officer directly owned 423,255 shares in the company, valued at $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher Vanderhook sold 8,782 shares of the firm'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 transaction of $85,448.86. Following the completion of the sale, the chief operating officer owned 356,284 shares of the company's stock, valued at approximately $3,466,643.32. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On Viant Technology
Several institutional investors have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. boosted its stake in Viant Technology by 37.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company's stock valued at $12,283,000 after acquiring an additional 267,326 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Viant Technology during the second quarter worth $8,443,000. Granite Investment Partners LLC purchased a new position in shares of Viant Technology during the second quarter worth $7,239,000. Harbor Capital Advisors Inc. raised its holdings in shares of Viant Technology by 30.0% during the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company's stock worth $5,357,000 after purchasing an additional 93,330 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Viant Technology by 6.4% during the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock worth $5,036,000 after purchasing an additional 22,857 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.
Viant Technology Stock Performance
Shares of NASDAQ:DSP opened at $8.69 on Friday. The firm has a market cap of $547.04 million, a PE ratio of 66.85 and a beta of 1.06. The firm's 50 day simple moving average is $10.40 and its 200-day simple moving average is $12.47. Viant Technology has a one year low of $8.19 and a one year high of $26.33.
Viant Technology Company Profile
(
Get Free Report)
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.
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