Viant Technology Inc. (NASDAQ:DSP) Receives $21.00 Consensus Target Price from Brokerages

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has been given a consensus rating of "Buy" by the eight research firms that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $21.00.

A number of research analysts have weighed in on DSP shares. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a research note on Wednesday, May 7th. Needham & Company LLC reissued a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd. Finally, Raymond James lowered their price target on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th.

Viant Technology Stock Performance

DSP traded up $0.09 during midday trading on Friday, reaching $13.82. The company had a trading volume of 227,837 shares, compared to its average volume of 232,755. The stock has a market cap of $864.68 million, a PE ratio of 230.37 and a beta of 1.14. Viant Technology has a 12-month low of $8.70 and a 12-month high of $26.33. The business has a 50-day moving average price of $13.76 and a two-hundred day moving average price of $17.11.

Institutional Trading of Viant Technology

A number of large investors have recently modified their holdings of the business. Punch & Associates Investment Management Inc. boosted its position in shares of Viant Technology by 37.0% during the 1st 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 during the last quarter. Renaissance Technologies LLC boosted its position in shares of Viant Technology by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 471,200 shares of the company's stock valued at $8,948,000 after acquiring an additional 106,400 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Viant Technology by 353.7% during the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock valued at $8,323,000 after acquiring an additional 341,684 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Viant Technology during the 1st quarter valued at about $4,023,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Viant Technology during the 1st quarter valued at about $3,867,000. Institutional investors own 11.38% of the company's stock.

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.