Viant Technology (NASDAQ:DSP) Receives Buy Rating from Rosenblatt Securities

Viant Technology (NASDAQ:DSP - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the stock. Rosenblatt Securities' target price points to a potential upside of 35.59% from the company's previous close.

A number of other research firms have also recently weighed in on DSP. Needham & Company LLC restated a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. JMP Securities increased their price target on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research note on Monday, January 27th. Finally, Raymond James lowered 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 analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology presently has an average rating of "Buy" and a consensus price target of $21.00.

Viant Technology Trading Up 3.7%

Shares of Viant Technology stock traded up $0.53 on Wednesday, reaching $14.75. 122,959 shares of the company were exchanged, compared to its average volume of 229,381. Viant Technology has a one year low of $8.64 and a one year high of $26.33. The company has a market capitalization of $930.34 million, a price-to-earnings ratio of 246.02 and a beta of 1.19. The company has a 50-day moving average of $13.24 and a 200 day moving average of $16.99.

Institutional Trading of Viant Technology

Large investors have recently modified their holdings of the stock. Federated Hermes Inc. boosted its stake in Viant Technology by 0.8% in the fourth quarter. Federated Hermes Inc. now owns 58,492 shares of the company's stock valued at $1,111,000 after buying an additional 465 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Viant Technology by 2.8% during the first quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock valued at $546,000 after purchasing an additional 1,214 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Viant Technology during the fourth quarter valued at about $27,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Viant Technology by 7.0% during the first quarter. Mackenzie Financial Corp now owns 29,347 shares of the company's stock valued at $364,000 after purchasing an additional 1,921 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.