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

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has received an average rating of "Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.14.

Several research analysts recently commented on the stock. JMP Securities boosted their price objective 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. Raymond James decreased their price target on Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Viant Technology in a research report on Wednesday, April 2nd.

Insider Activity

In related news, CFO Larry Madden sold 14,284 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the transaction, the chief financial officer now owns 344,340 shares in the company, valued at $7,961,140.80. This represents a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 28.80% of the company's stock.

Institutional Trading of Viant Technology

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Viant Technology by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 471,200 shares of the company's stock valued at $8,948,000 after purchasing an additional 106,400 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Viant Technology by 353.7% in the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock valued at $8,323,000 after purchasing an additional 341,684 shares during the period. Geode Capital Management LLC increased its position in Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company's stock worth $4,045,000 after purchasing an additional 6,803 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Viant Technology in the 1st quarter valued at about $3,867,000. Finally, State Street Corp grew its stake in shares of Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company's stock valued at $3,137,000 after buying an additional 1,722 shares during the period. Hedge funds and other institutional investors own 11.38% of the company's stock.

Viant Technology Stock Down 1.7 %

NASDAQ:DSP traded down $0.22 during midday trading on Friday, hitting $12.53. The stock had a trading volume of 37,242 shares, compared to its average volume of 225,263. Viant Technology has a one year low of $7.77 and a one year high of $26.33. The stock has a 50-day moving average of $15.94 and a 200 day moving average of $16.63. The company has a market capitalization of $790.32 million, a price-to-earnings ratio of 208.87 and a beta of 1.21.

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.