Viant Technology Inc. (NASDAQ:DSP) Given Consensus Rating of "Buy" by Analysts

Key Points

• Viant Technology Inc. has received a consensus rating of "Buy" from eight research firms, with a 12-month price target averaging $20.38.
• Shares of Viant Technology are currently trading at $9.50, down 0.3%, with a market cap of approximately $594.42 million.
• Recent insider activity includes sales by Director Max O. Valdes and CFO Larry Madden, reducing their positions in the company by 18.31% and 2.95%, respectively.

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.3750.

Several equities research analysts recently weighed in on the company. Raymond James Financial decreased their price target on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating for the company in a report on Tuesday, August 12th. Canaccord Genuity Group decreased their target price on Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a research note on Tuesday, August 12th. Finally, JMP Securities decreased their price target on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th.

Insider Transactions at Viant Technology

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

Institutional Trading of Viant Technology

Several large investors have recently modified their holdings of DSP. Manatuck Hill Partners LLC bought a new stake in shares of Viant Technology in the second quarter worth $1,323,000. Ameriprise Financial Inc. boosted its position in Viant Technology by 35.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 96,597 shares of the company's stock valued at $1,278,000 after purchasing an additional 25,514 shares during the period. Granite Investment Partners LLC acquired a new stake in Viant Technology in the second quarter worth $7,239,000. Arrowstreet Capital Limited Partnership lifted its position in Viant Technology by 6.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 276,689 shares of the company's stock valued at $3,661,000 after purchasing an additional 15,786 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Viant Technology by 1,223.5% during the second quarter. New York State Common Retirement Fund now owns 62,577 shares of the company's stock worth $828,000 after buying an additional 57,849 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Trading Up 2.4%

Shares of DSP traded up $0.23 during mid-day trading on Friday, hitting $9.73. 278,474 shares of the company's stock were exchanged, compared to its average volume of 323,250. Viant Technology has a fifty-two week low of $9.22 and a fifty-two week high of $26.33. The business's 50 day moving average is $13.16 and its two-hundred day moving average is $14.79. The firm has a market capitalization of $608.81 million, a P/E ratio of 74.62 and a beta of 1.12.

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.