Viant Technology (NASDAQ:DSP) Now Covered by Analysts at DA Davidson

Key Points

• DA Davidson has assumed coverage of Viant Technology (NASDAQ:DSP) with a buy rating and a price target of $15.00, indicating a potential upside of 49.55% from current levels.
• Multiple analysts have varying price targets, with Rosenblatt Securities at $20.00 and Raymond James at $19.00, while the stock currently has an average target price of $19.78.
• Recent insider trading includes significant sales by the CFO and a director, with a total of 32,125 shares sold over the past 90 days.

Equities researchers at DA Davidson assumed coverage on shares of Viant Technology (NASDAQ:DSP - Get Free Report) in a research report issued on Friday,Benzinga reports. The brokerage set a "buy" rating and a $15.00 price target on the stock. DA Davidson's target price suggests a potential upside of 49.55% from the company's current price.

DSP has been the subject of a number of other reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. Raymond James Financial cut their price target on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating for the company in a report on Tuesday, August 12th. JMP Securities dropped their price objective on Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group dropped their price objective on Viant Technology from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $19.78.

Viant Technology Price Performance

Viant Technology stock opened at $10.03 on Friday. Viant Technology has a one year low of $9.07 and a one year high of $26.33. The business has a fifty day moving average price of $12.55 and a 200-day moving average price of $14.07. The firm has a market capitalization of $631.39 million, a P/E ratio of 77.16 and a beta of 1.12.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, Director Max O. Valdes sold 4,838 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.29, for a total transaction of $69,135.02. Following the sale, the director owned 21,591 shares in the company, valued at $308,535.39. This trade represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Larry Madden sold 13,265 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $173,506.20. Following the sale, the chief financial officer owned 436,261 shares in the company, valued at $5,706,293.88. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,125 shares of company stock worth $430,048 over the last 90 days. Corporate insiders own 29.40% of the company's stock.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. raised its position in Viant Technology by 37.0% during 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 in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in Viant Technology during the second quarter valued at about $8,443,000. Granite Investment Partners LLC purchased a new stake in Viant Technology during the second quarter valued at about $7,239,000. Harbor Capital Advisors Inc. raised its position in Viant Technology by 30.0% during the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company's stock valued at $5,357,000 after purchasing an additional 93,330 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock worth $5,036,000 after buying an additional 22,857 shares during the period. Hedge funds and other institutional investors own 11.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.