Viant Technology Inc. (NASDAQ:DSP - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $8.19 and last traded at $8.15, with a volume of 196096 shares traded. The stock had previously closed at $8.61.
Analyst Ratings Changes
Several research firms have issued reports on DSP. Canaccord Genuity Group reduced their price objective on Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. JMP Securities reduced their price objective on Viant Technology from $24.00 to $18.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. Raymond James Financial reduced their price objective on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating on the stock in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Viant Technology in a report on Wednesday. Finally, DA Davidson began coverage on Viant Technology in a report on Friday, August 29th. They set a "buy" rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $19.78.
Get Our Latest Analysis on DSP
Viant Technology Trading Down 5.7%
The company has a market cap of $511.15 million, a price-to-earnings ratio of 62.47 and a beta of 1.06. The stock has a 50 day moving average price of $9.95 and a two-hundred day moving average price of $12.36.
Insider Buying and Selling at Viant Technology
In related news, CFO Larry Madden sold 13,006 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $126,548.38. Following the sale, the chief financial officer owned 423,255 shares of the company's stock, valued at approximately $4,118,271.15. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Christopher Vanderhook sold 8,782 shares of the firm's 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 sale, the chief operating officer directly owned 356,284 shares in the company, valued at $3,466,643.32. The trade was a 2.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.40% of the company's stock.
Institutional Trading of Viant Technology
Several hedge funds have recently added to or reduced their stakes in DSP. Rhumbline Advisers increased its holdings in Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company's stock worth $596,000 after purchasing an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Viant Technology by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company's stock worth $359,000 after purchasing an additional 1,109 shares in the last quarter. Huntleigh Advisors Inc. increased its holdings in Viant Technology by 5.8% during the 2nd quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company's stock worth $314,000 after purchasing an additional 1,290 shares in the last quarter. Martingale Asset Management L P increased its holdings in Viant Technology by 4.9% during the 1st quarter. Martingale Asset Management L P now owns 28,353 shares of the company's stock worth $352,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Viant Technology by 7.0% during the 1st quarter. Mackenzie Financial Corp now owns 29,347 shares of the company's stock worth $364,000 after purchasing an additional 1,921 shares in the last quarter. 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.
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