Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $19.78

Key Points

• Viant Technology Inc. (NASDAQ:DSP) has received an average recommendation of "Buy" from nine research firms, with eight analysts offering a buy rating and one a strong buy rating.
• The average price target for the stock among brokerages stands at $19.78, with various firms setting price objectives ranging from $15.00 to $24.00.
• Insider trading activity saw CFO Larry Madden and CEO Timothy Vanderhook sell shares, leading to a combined decrease of about 2.95% and 2.40% in their respective holdings.

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been given a consensus rating of "Buy" by the nine research firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.7778.

A number of equities research analysts have recently weighed in on DSP shares. Raymond James Financial dropped their price target on 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. JMP Securities decreased their target price on Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. Canaccord Genuity Group reduced their target price on Viant Technology from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Finally, DA Davidson assumed coverage on Viant Technology in a research note on Friday, August 29th. They set a "buy" rating and a $15.00 target price for the company.

Institutional Trading of Viant Technology

Large investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its holdings in shares of Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company's stock worth $61,000 after purchasing an additional 3,443 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Viant Technology in the 2nd quarter valued at about $75,000. Corton Capital Inc. purchased a new position in shares of Viant Technology in the 2nd quarter valued at about $150,000. Envestnet Asset Management Inc. acquired a new stake in shares of Viant Technology during the 2nd quarter worth about $166,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Viant Technology during the 4th quarter worth about $197,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Down 2.5%

Shares of DSP stock traded down $0.25 on Tuesday, hitting $9.73. The stock had a trading volume of 238,938 shares, compared to its average volume of 235,018. The business has a 50 day moving average price of $11.84 and a 200 day moving average price of $13.01. Viant Technology has a one year low of $9.07 and a one year high of $26.33. The company has a market cap of $612.50 million, a PE ratio of 74.85 and a beta of 1.11.

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.