Viant Technology (NASDAQ:DSP) Now Covered by Analysts at Rosenblatt Securities

Equities research analysts at Rosenblatt Securities initiated coverage on shares of Viant Technology (NASDAQ:DSP - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $20.00 price target on the stock. Rosenblatt Securities' price target would indicate a potential upside of 37.55% from the stock's current price.

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

Viant Technology Stock Performance

DSP traded up $0.14 during midday trading on Tuesday, reaching $14.54. The company had a trading volume of 154,566 shares, compared to its average volume of 224,826. Viant Technology has a 12-month low of $8.29 and a 12-month high of $26.33. The business has a 50-day moving average price of $13.71 and a two-hundred day moving average price of $16.86. The stock has a market cap of $917.10 million, a PE ratio of 242.37 and a beta of 1.21.

Insider Transactions 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 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 legal filing with the SEC, which is available at this link. Company insiders own 28.80% of the company's stock.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of DSP. New York State Teachers Retirement System bought a new stake in Viant Technology in the 4th quarter valued at $27,000. Summit Investment Advisors Inc. lifted its position in shares of Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock worth $30,000 after buying an additional 728 shares in the last quarter. Quantbot Technologies LP bought a new position in Viant Technology during the fourth quarter valued at approximately $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Viant Technology during the 4th quarter valued at approximately $88,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Viant Technology during the 4th quarter worth approximately $142,000. 11.38% of the stock is currently owned by institutional investors.

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.