Viant Technology’s (DSP) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research note published on Tuesday,Benzinga reports. They currently have a $20.00 target price on the stock.

Several other analysts have also issued reports on the stock. JMP Securities cut their target price on shares of Viant Technology from $24.00 to $18.00 and set a “market outperform” rating for the company in a research report on Tuesday. Raymond James Financial dropped their price target on shares of Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Tuesday. Finally, Canaccord Genuity Group dropped their price target on shares of Viant Technology from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $20.38.

Viant Technology Stock Down 3.9%

DSP opened at $9.53 on Tuesday. The firm has a 50 day moving average price of $13.26 and a 200-day moving average price of $14.97. Viant Technology has a twelve month low of $9.22 and a twelve month high of $26.33. The stock has a market capitalization of $596.29 million, a price-to-earnings ratio of 73.31 and a beta of 1.12.

Insider Activity

In other news, CFO Larry Madden sold 13,265 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $173,506.20. Following the transaction, the chief financial officer directly owned 436,261 shares in the company, valued at approximately $5,706,293.88. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy Vanderhook sold 8,960 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $117,196.80. Following the completion of the transaction, the chief executive officer owned 365,076 shares in the company, valued at approximately $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 quarter, insiders have sold 32,125 shares of company stock valued at $430,048. 29.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. grew its holdings in Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after acquiring an additional 728 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of 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 buying an additional 3,443 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Viant Technology in the 2nd quarter valued at about $75,000. Wells Fargo & Company MN boosted its holdings in shares of Viant Technology by 76.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock valued at $168,000 after buying an additional 3,829 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Viant Technology in the 4th quarter valued at about $193,000. 11.38% of the stock is currently owned by 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.