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

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been given a consensus recommendation of "Buy" by the eight research firms that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $21.00.

A number of research firms have commented on DSP. Needham & Company LLC restated a "buy" rating and set a $21.00 target price on shares of Viant Technology in a research note on Wednesday, April 2nd. Raymond James decreased their target price 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. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a report on Wednesday. Finally, JMP Securities boosted their price target on shares of Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday, January 27th.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in the business. Barclays PLC increased its position in Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company's stock valued at $435,000 after buying an additional 16,784 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Viant Technology by 102.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company's stock worth $1,069,000 after purchasing an additional 48,826 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Viant Technology during the 4th quarter worth approximately $88,000. Ritholtz Wealth Management grew its position in Viant Technology by 34.7% during the 4th quarter. Ritholtz Wealth Management now owns 22,484 shares of the company's stock worth $427,000 after purchasing an additional 5,794 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Viant Technology in the fourth quarter worth $142,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Stock Down 1.2 %

Shares of DSP stock traded down $0.17 during trading hours on Wednesday, hitting $14.22. 251,499 shares of the company's stock traded hands, compared to its average volume of 229,441. The stock has a market cap of $896.91 million, a price-to-earnings ratio of 237.04 and a beta of 1.19. Viant Technology has a 12-month low of $8.62 and a 12-month high of $26.33. The stock's fifty day simple moving average is $13.24 and its two-hundred day simple moving average is $16.91.

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.