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

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has earned an average rating of "Buy" from the eight analysts that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.00.

Several brokerages recently commented on DSP. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a research note on Wednesday, May 7th. Raymond James decreased their price target 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. Finally, JMP Securities boosted their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday, January 27th.

Viant Technology Stock Up 2.7%

NASDAQ DSP traded up $0.39 during trading on Wednesday, hitting $14.61. The company's stock had a trading volume of 29,035 shares, compared to its average volume of 229,041. The firm has a market cap of $921.51 million, a P/E ratio of 245.46 and a beta of 1.19. Viant Technology has a 52 week low of $8.64 and a 52 week high of $26.33. The firm has a 50 day moving average price of $13.24 and a 200 day moving average price of $16.99.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSP. Barclays PLC increased its holdings in shares of Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company's stock worth $435,000 after acquiring an additional 16,784 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company's stock worth $1,069,000 after acquiring an additional 48,826 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Viant Technology during the fourth quarter worth about $88,000. Ritholtz Wealth Management boosted its position in shares of Viant Technology by 34.7% during the fourth quarter. Ritholtz Wealth Management now owns 22,484 shares of the company's stock worth $427,000 after buying an additional 5,794 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Viant Technology during the fourth quarter worth about $142,000. 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.