Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $19.25

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.25.

Several equities research analysts recently commented on the company. JMP Securities cut their price target on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. DA Davidson assumed coverage on Viant Technology in a report on Friday, August 29th. They issued a “buy” rating and a $15.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Tuesday, August 12th. Finally, B. Riley assumed coverage on Viant Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $14.50 price target for the company.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 13,006 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $126,548.38. Following the completion of the sale, the chief financial officer owned 423,255 shares of the company’s stock, valued at $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction on Monday, September 15th. The shares were sold at an average price of $9.73, for a total value of $85,448.86. Following the completion of the sale, the chief operating officer directly owned 356,284 shares of the company’s stock, valued at $3,466,643.32. The trade was a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 29.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. grew its stake in shares of Viant Technology by 37.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock valued at $12,283,000 after buying an additional 267,326 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Viant Technology in the second quarter valued at $8,443,000. Granite Investment Partners LLC acquired a new stake in shares of Viant Technology in the second quarter valued at $7,239,000. Harbor Capital Advisors Inc. grew its stake in shares of Viant Technology by 30.0% in the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company’s stock valued at $5,357,000 after buying an additional 93,330 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after buying an additional 22,857 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Stock Performance

NASDAQ:DSP opened at $8.88 on Wednesday. Viant Technology has a one year low of $8.11 and a one year high of $26.33. The stock has a market cap of $559.00 million, a PE ratio of 68.31 and a beta of 1.06. The stock has a 50 day moving average price of $9.15 and a 200 day moving average price of $11.88.

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.