Viant Technology Inc. (NASDAQ:DSP - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.66, but opened at $9.10. Viant Technology shares last traded at $8.92, with a volume of 184,788 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts have commented on DSP shares. DA Davidson started coverage on shares of Viant Technology in a research note on Friday, August 29th. They set a "buy" rating and a $15.00 price target for the company. B. Riley initiated coverage on shares of Viant Technology in a research report on Tuesday. They set a "buy" rating and a $14.50 target price for the company. Canaccord Genuity Group dropped their price target on shares of Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. JMP Securities cut their price target 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, Weiss Ratings reissued a "hold (c-)" rating on shares of Viant Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Viant Technology currently has an average rating of "Buy" and a consensus price target of $19.25.
Get Our Latest Research Report on Viant Technology
Viant Technology Price Performance
The firm's fifty day moving average is $9.29 and its two-hundred day moving average is $12.14. The firm has a market capitalization of $559.63 million, a PE ratio of 68.74 and a beta of 1.06.
Insider Buying and Selling
In related news, COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $85,448.86. Following the sale, the chief operating officer directly owned 356,284 shares in the company, valued at approximately $3,466,643.32. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Larry Madden sold 13,006 shares of the business'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 $126,548.38. Following the completion of the transaction, the chief financial officer directly owned 423,255 shares in the company, valued at approximately $4,118,271.15. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. 28.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Viant Technology
Large investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Viant Technology by 2.8% in the 1st quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock worth $546,000 after buying an additional 1,214 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in Viant Technology during the first quarter worth about $367,000. Huntleigh Advisors Inc. raised its position in Viant Technology by 16.7% in the first quarter. Huntleigh Advisors Inc. now owns 22,418 shares of the company's stock worth $278,000 after acquiring an additional 3,216 shares during the period. Bailard Inc. boosted its stake in Viant Technology by 18.4% in the first quarter. Bailard Inc. now owns 19,972 shares of the company's stock valued at $248,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Norwood Investment Partners LP bought a new position in shares of Viant Technology during the 1st quarter valued at approximately $2,881,000. 11.38% of the stock is owned by hedge funds and other institutional investors.
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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