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

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been given an average rating of "Buy" by the eight research firms that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.00.

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

Viant Technology Stock Up 4.0%

NASDAQ:DSP traded up $0.53 during midday trading on Friday, hitting $13.83. The company had a trading volume of 98,497 shares, compared to its average volume of 231,705. The company has a market capitalization of $865.30 million, a PE ratio of 230.54 and a beta of 1.19. Viant Technology has a 52-week low of $8.70 and a 52-week high of $26.33. The stock's fifty day moving average price is $13.70 and its 200-day moving average price is $17.16.

Institutional Trading of Viant Technology

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Viant Technology during the 4th quarter valued at about $142,000. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology in the fourth quarter worth $27,000. Bank of New York Mellon Corp increased its stake in shares of Viant Technology by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 36,480 shares of the company's stock worth $693,000 after purchasing an additional 3,864 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Viant Technology during the 4th quarter valued at $3,022,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Viant Technology during the 4th quarter valued at $382,000. 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.