Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $21.00

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

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

Insider Buying and Selling

In related news, CFO Larry Madden sold 13,265 shares of Viant Technology stock in a transaction dated 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 sale, the chief financial officer now directly owns 436,261 shares in the company, valued at $5,706,293.88. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy Vanderhook sold 8,960 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $117,196.80. Following the completion of the sale, the chief executive officer now directly owns 365,076 shares of the company's stock, valued at approximately $4,775,194.08. This trade represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,125 shares of company stock valued at $430,048 in the last 90 days. Company insiders own 29.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. boosted its stake in Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after acquiring an additional 728 shares in the last quarter. Quantbot Technologies LP purchased a new position in Viant Technology during the 4th quarter worth approximately $80,000. Wells Fargo & Company MN lifted its position in Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock valued at $168,000 after purchasing an additional 3,829 shares during the period. Walleye Capital LLC purchased a new stake in shares of Viant Technology in the fourth quarter worth about $193,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Viant Technology during the 4th quarter worth approximately $197,000. Hedge funds and other institutional investors own 11.38% of the company's stock.

Viant Technology Trading Down 2.1%

NASDAQ DSP traded down $0.29 during trading hours on Thursday, hitting $13.29. 318,873 shares of the company were exchanged, compared to its average volume of 243,607. The stock has a 50-day moving average price of $13.86 and a 200 day moving average price of $16.48. Viant Technology has a 52 week low of $8.70 and a 52 week high of $26.33.

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.