Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $21.00

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been assigned an average recommendation of "Buy" from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

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

Viant Technology Stock Up 1.9%

DSP traded up $0.26 during trading hours on Monday, hitting $14.14. The stock had a trading volume of 158,613 shares, compared to its average volume of 150,756. Viant Technology has a 1 year low of $8.70 and a 1 year high of $26.33. The company's fifty day simple moving average is $13.62 and its 200 day simple moving average is $15.61. The stock has a market cap of $884.74 million, a PE ratio of 128.56 and a beta of 1.12.

Insider Buying and Selling at Viant Technology

In other news, CEO Timothy Vanderhook sold 8,960 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $117,196.80. Following the transaction, the chief executive officer owned 365,076 shares of the company's stock, valued at $4,775,194.08. This represents a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Max O. Valdes sold 5,062 shares of Viant Technology stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $13.87, for a total transaction of $70,209.94. Following the sale, the director directly owned 26,429 shares of the company's stock, valued at $366,570.23. This represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,125 shares of company stock valued at $430,048 in the last three months. Company insiders own 29.40% of the company's stock.

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its position in Viant Technology by 2.8% in the first quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock valued at $546,000 after purchasing an additional 1,214 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Viant Technology by 13.8% during the fourth quarter. Bank of America Corp DE now owns 33,272 shares of the company's stock worth $632,000 after purchasing an additional 4,030 shares during the period. Deutsche Bank AG grew its stake in shares of Viant Technology by 30.8% in the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock worth $323,000 after purchasing an additional 4,012 shares during the last quarter. Quantbot Technologies LP purchased a new position in Viant Technology during the 4th quarter valued at about $80,000. Finally, BNP Paribas Financial Markets bought a new position in Viant Technology during the 4th quarter valued at approximately $484,000. Hedge funds and other 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.