JMP Securities Trims Viant Technology (NASDAQ:DSP) Target Price to $6.00

Viant Technology (NASDAQ:DSPGet Rating) had its target price trimmed by JMP Securities from $9.00 to $6.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a market outperform rating on the stock.

Several other research firms have also recently weighed in on DSP. Bank of America cut Viant Technology from a buy rating to a neutral rating in a report on Thursday. Canaccord Genuity Group reduced their price objective on Viant Technology from $10.00 to $8.00 and set a buy rating for the company in a research note on Thursday, August 11th. Finally, Craig Hallum assumed coverage on Viant Technology in a research note on Tuesday, October 18th. They issued a buy rating and a $7.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Viant Technology presently has a consensus rating of Moderate Buy and an average price target of $7.00.

Viant Technology Stock Down 6.3 %

Shares of DSP opened at $4.28 on Thursday. The business’s 50 day moving average price is $4.40 and its 200-day moving average price is $5.05. Viant Technology has a 52 week low of $3.85 and a 52 week high of $13.31. The stock has a market cap of $260.33 million, a P/E ratio of -7.38 and a beta of 0.23.

Hedge Funds Weigh In On Viant Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its stake in shares of Viant Technology by 252.5% during the first quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock worth $36,000 after buying an additional 1,808 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Viant Technology by 28.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,533 shares of the company’s stock valued at $44,000 after purchasing an additional 2,359 shares during the period. Clearbridge Investments LLC lifted its position in Viant Technology by 0.3% during the second quarter. Clearbridge Investments LLC now owns 1,125,949 shares of the company’s stock valued at $5,720,000 after purchasing an additional 3,552 shares during the period. Raymond James & Associates lifted its position in Viant Technology by 29.9% during the first quarter. Raymond James & Associates now owns 19,473 shares of the company’s stock valued at $128,000 after purchasing an additional 4,481 shares during the period. Finally, BlackRock Inc. increased its holdings in Viant Technology by 0.6% in the first quarter. BlackRock Inc. now owns 787,740 shares of the company’s stock valued at $5,159,000 after buying an additional 4,741 shares in the last quarter. 14.84% of the stock is owned by hedge funds and other institutional investors.

About Viant Technology

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Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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