Viant Technology (NASDAQ:DSP) Given New $19.00 Price Target at Raymond James Financial

Viant Technology (NASDAQ:DSP) had its price target reduced by Raymond James Financial from $20.00 to $19.00 in a research report report published on Tuesday morning,Benzinga reports. Raymond James Financial currently has a strong-buy rating on the stock.

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Viant Technology currently has an average rating of “Buy” and an average price target of $20.38.

Viant Technology Stock Down 18.8%

DSP stock opened at $9.74 on Tuesday. The company has a market cap of $609.43 million, a PE ratio of 74.93 and a beta of 1.12. The business has a 50-day simple moving average of $13.42 and a 200 day simple moving average of $15.08. Viant Technology has a 52 week low of $8.70 and a 52 week high of $26.33.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 13,265 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $173,506.20. Following the transaction, the chief financial officer directly owned 436,261 shares of the company’s stock, valued at $5,706,293.88. This represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy Vanderhook sold 8,960 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $13.08, for a total value of $117,196.80. Following the transaction, the chief executive officer directly owned 365,076 shares in the company, valued at $4,775,194.08. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,125 shares of company stock valued at $430,048. 28.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently bought and sold shares of the stock. Summit Investment Advisors Inc. grew its stake in Viant Technology by 83.3% in the 4th 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 during the period. AlphaQuest LLC grew its stake in Viant Technology by 287.6% in the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after purchasing an additional 3,443 shares during the period. Central Pacific Bank Trust Division bought a new position in Viant Technology in the 2nd quarter valued at $75,000. Corton Capital Inc. bought a new position in Viant Technology in the 2nd quarter valued at $150,000. Finally, Envestnet Asset Management Inc. bought a new position in Viant Technology in the 2nd quarter valued at $166,000. Institutional investors own 11.38% of the company’s stock.

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.