Viant Technology Inc. (NASDAQ:DSP) Receives $21.00 Average Target Price from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been assigned a consensus rating of "Buy" from the eight analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.00.

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

Viant Technology Stock Down 0.2%

NASDAQ:DSP traded down $0.03 on Monday, reaching $13.51. 175,922 shares of the company's stock traded hands, compared to its average volume of 243,904. Viant Technology has a 12 month low of $8.70 and a 12 month high of $26.33. The stock has a 50-day simple moving average of $13.77 and a 200-day simple moving average of $15.71. The firm has a market cap of $845.32 million, a PE ratio of 122.83 and a beta of 1.12.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 13,265 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $173,506.20. Following the completion of the transaction, the chief financial officer directly owned 436,261 shares of the company's stock, valued at approximately $5,706,293.88. The trade was a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy Vanderhook sold 8,960 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $117,196.80. Following the completion of the transaction, the chief executive officer directly owned 365,076 shares of the company's stock, valued at approximately $4,775,194.08. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,125 shares of company stock valued at $430,048. Corporate insiders own 28.80% of the company's stock.

Institutional Trading of Viant Technology

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted 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 buying an additional 3,864 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Viant Technology during the fourth quarter worth approximately $3,022,000. Quantbot Technologies LP purchased a new position in Viant Technology during the fourth quarter worth approximately $80,000. LPL Financial LLC boosted its position in Viant Technology by 63.2% during the fourth quarter. LPL Financial LLC now owns 21,834 shares of the company's stock worth $415,000 after purchasing an additional 8,453 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Viant Technology by 353.7% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 11.38% of the company's stock.

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.