Viant Technology Inc. (NASDAQ:DSP - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $9.05 and last traded at $9.09, with a volume of 524173 shares. The stock had previously closed at $9.40.
Analyst Ratings Changes
A number of analysts recently commented on DSP shares. Canaccord Genuity Group decreased their price objective on Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. JMP Securities cut their price target on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. DA Davidson initiated coverage on Viant Technology in a report on Friday, August 29th. They issued a "buy" rating and a $15.00 target price on the stock. Wall Street Zen upgraded Viant Technology from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $20.00 target price on shares of Viant Technology in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $19.78.
Read Our Latest Stock Analysis on DSP
Viant Technology Stock Performance
The firm has a market cap of $592.36 million, a P/E ratio of 72.39 and a beta of 1.11. The firm has a fifty day moving average of $11.33 and a 200-day moving average of $12.71.
Insider Buying and Selling at Viant Technology
In other news, COO Christopher Vanderhook sold 8,782 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total value of $85,448.86. Following the completion of the transaction, the chief operating officer owned 356,284 shares of the company's stock, valued at approximately $3,466,643.32. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Larry Madden sold 13,006 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $9.73, for a total value of $126,548.38. Following the completion of the sale, the chief financial officer owned 423,255 shares of the company's stock, valued at $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Viant Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. grew its position in shares of Viant Technology by 37.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company's stock valued at $12,283,000 after purchasing an additional 267,326 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in Viant Technology in the 2nd quarter worth approximately $8,443,000. Granite Investment Partners LLC acquired a new position in shares of Viant Technology during the second quarter worth approximately $7,239,000. Harbor Capital Advisors Inc. grew its stake in shares of Viant Technology by 30.0% in the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company's stock worth $5,357,000 after acquiring an additional 93,330 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Viant Technology by 6.4% during the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock worth $5,036,000 after acquiring an additional 22,857 shares during the period. Institutional investors and hedge funds own 11.38% of the company's stock.
About Viant Technology
(
Get Free Report)
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.
Further Reading
Before you consider Viant Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viant Technology wasn't on the list.
While Viant Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
