Viant Technology's (DSP) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Viant Technology's stock has been reaffirmed with a "hold (C-)" rating by Weiss Ratings, amidst varying ratings from other brokerages, including a price target range that spans from $15.00 to $22.00.
• The company's shares traded up 3.8% recently, reaching $8.79, well below its 1-year high of $26.33.
• Insider transactions were noted, with COO and CFO selling shares at an average price of $9.73, resulting in a decrease in their ownership stakes.

Viant Technology (NASDAQ:DSP - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on DSP. Canaccord Genuity Group cut their price objective on Viant Technology from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a research report on Tuesday, August 12th. JMP Securities cut their price objective on Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 12th. DA Davidson assumed coverage on Viant Technology in a research report on Friday, August 29th. They set a "buy" rating and a $15.00 target price for the company. Finally, Raymond James Financial decreased their target price on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating for the company in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Viant Technology presently has a consensus rating of "Buy" and an average price target of $19.78.

Viant Technology Trading Up 3.8%

Shares of NASDAQ:DSP traded up $0.32 during midday trading on Wednesday, reaching $8.79. The company had a trading volume of 207,953 shares, compared to its average volume of 336,939. Viant Technology has a 1-year low of $8.19 and a 1-year high of $26.33. The company has a fifty day simple moving average of $10.16 and a two-hundred day simple moving average of $12.42.

Insider Transactions at Viant Technology

In related news, COO Christopher Vanderhook sold 8,782 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer owned 356,284 shares in the company, valued at approximately $3,466,643.32. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Larry Madden sold 13,006 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $126,548.38. Following the sale, the chief financial officer directly owned 423,255 shares in the company, valued at $4,118,271.15. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders own 29.40% of the company's stock.

Institutional Trading of Viant Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP purchased a new stake in Viant Technology in the fourth quarter worth approximately $197,000. Rhumbline Advisers increased its holdings in Viant Technology by 2.8% in the 1st quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock valued at $546,000 after acquiring an additional 1,214 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Viant Technology in the 1st quarter worth about $3,867,000. Ritholtz Wealth Management increased its holdings in shares of Viant Technology by 43.9% in the 1st quarter. Ritholtz Wealth Management now owns 32,348 shares of the company's stock worth $401,000 after buying an additional 9,864 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new stake in shares of Viant Technology in the 1st quarter worth about $367,000. 11.38% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.