Rosenblatt Securities Initiates Coverage on Viant Technology (NASDAQ:DSP)

Equities researchers at Rosenblatt Securities assumed coverage on shares of Viant Technology (NASDAQ:DSP - Get Free Report) in a report released on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $20.00 price target on the stock. Rosenblatt Securities' price objective indicates a potential upside of 37.55% from the company's previous close.

Several other research firms also recently issued reports on DSP. Needham & Company LLC reaffirmed a "buy" rating and set a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. JMP Securities increased their target price on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a report on Monday, January 27th. Finally, Raymond James reduced their price objective on Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $21.00.

Viant Technology Stock Up 1.0 %

Shares of DSP traded up $0.14 on Tuesday, reaching $14.54. The stock had a trading volume of 154,566 shares, compared to its average volume of 225,025. The firm has a 50-day moving average of $13.82 and a 200 day moving average of $16.80. The firm has a market capitalization of $917.10 million, a PE ratio of 242.37 and a beta of 1.21. Viant Technology has a twelve month low of $8.18 and a twelve month high of $26.33.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the business's stock in a transaction on 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 sale, the chief financial officer now directly owns 344,340 shares of the company's stock, valued at $7,961,140.80. The trade was a 3.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 28.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in shares of Viant Technology in the 4th quarter worth about $27,000. Summit Investment Advisors Inc. raised its holdings 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 buying an additional 728 shares during the period. Quantbot Technologies LP acquired a new position in Viant Technology during the fourth quarter valued at approximately $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Viant Technology during the fourth quarter worth approximately $88,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Viant Technology in the fourth quarter worth $142,000. Institutional investors and hedge funds own 11.38% of the company's stock.

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.