Viant Technology Inc. (NASDAQ:DSP) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analyst consensus: Ten analysts rate Viant Technology an average of "Buy" (seven buys, two strong buys, one hold) with a mean 1-year price target of about $18.13.
• Insider selling: COO Christopher Vanderhook and major shareholder Capital V LLC sold shares on March 19; insiders have sold 135,882 shares (~$1.5M) in the past 90 days but still own 29.40% of the company.
• Stock snapshot: Shares opened at $10.75, market cap roughly $681M, P/E 33.6, and a 52-week range of $8.11–$16.25 (50-day SMA ~$10.90, 200-day SMA ~$10.39).

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has received an average rating of "Buy" from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.1250.

DSP has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Viant Technology from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a research report on Thursday, March 12th. Loop Capital set a $14.50 price target on Viant Technology in a research note on Tuesday, March 10th. Freedom Capital raised shares of Viant Technology to a "strong-buy" rating in a research report on Tuesday, March 10th. Finally, B. Riley Financial reiterated a "buy" rating and set a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research note on Thursday, March 12th.

Insider Buying and Selling

In related news, COO Christopher Vanderhook sold 2,920 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $33,346.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Capital V. Llc sold 8,760 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $100,039.20. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 135,882 shares of company stock valued at $1,503,709. 29.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of DSP. Granite Investment Partners LLC bought a new stake in shares of Viant Technology during the 2nd quarter worth $7,239,000. Topline Capital Management LLC bought a new position in Viant Technology in the third quarter valued at about $2,150,000. Dynamic Technology Lab Private Ltd grew its position in Viant Technology by 474.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company's stock valued at $609,000 after acquiring an additional 58,251 shares during the last quarter. New York State Common Retirement Fund raised its stake in 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 acquiring an additional 57,849 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Viant Technology during the fourth quarter worth about $873,000. Institutional investors own 11.38% of the company's stock.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $10.75 on Friday. The company has a market capitalization of $681.01 million, a P/E ratio of 33.59 and a beta of 1.05. Viant Technology has a 1 year low of $8.11 and a 1 year high of $16.25. The business's 50 day simple moving average is $10.90 and its 200 day simple moving average is $10.39.

Viant Technology Company Profile

Viant Technology Inc Nasdaq: DSP is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.

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