Viant Technology (NASDAQ:DSP) Price Target Raised to $16.00 at DA Davidson

Viant Technology (NASDAQ:DSP) had its target price increased by DA Davidson from $15.50 to $16.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the company. Loop Capital set a $14.50 price target on Viant Technology in a research note on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research note on Thursday. B. Riley Financial reaffirmed a “buy” rating and set a $17.00 price objective (up from $16.50) on shares of Viant Technology in a research note on Thursday, March 12th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $17.79.

Viant Technology Stock Up 5.8%

Shares of DSP stock opened at $12.26 on Thursday. The business has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.54. Viant Technology has a 12-month low of $8.11 and a 12-month high of $16.25. The firm has a market cap of $776.67 million, a P/E ratio of 38.31 and a beta of 0.94.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 7,297 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $11.31, for a total transaction of $82,529.07. Following the completion of the transaction, the chief financial officer owned 593,027 shares in the company, valued at $6,707,135.37. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Capital V. Llc sold 8,760 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total value of $100,039.20. The disclosure for this sale is available in the SEC filing. Insiders sold 143,179 shares of company stock worth $1,586,238 in the last three months. 29.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of Viant Technology in the 3rd quarter worth approximately $31,000. Russell Investments Group Ltd. increased its stake in Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. CWM LLC increased its stake in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Viant Technology by 620.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after buying an additional 2,483 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology in the 4th quarter worth about $64,000. Institutional investors own 11.38% of the company’s stock.

More Viant Technology News

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: DA Davidson raised its price target to $16.00 and maintained a “buy” rating, implying meaningful upside versus recent levels. DA Davidson Raises PT
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and left a $20.00 price target on the stock, signaling strong upside expectations from an industry analyst. Rosenblatt Reaffirms Buy TickerReport Coverage
• Positive Sentiment: Viant agreed to acquire TVision Insights for $40M to enhance TV measurement and audience measurement capabilities — a strategic tuck-in that could expand data offerings to advertisers and improve monetization. BusinessWire: Viant Announces Acquisition
• Positive Sentiment: Multiple outlets covered the TVision deal and its strategic rationale, highlighting expected enhancement to Viant’s AI-powered programmatic stack. TipRanks Coverage MSN: Acquisition Article
• Neutral Sentiment: Management held an M&A call (transcript available) providing more detail on integration plans and expected synergies; useful for investors wanting detail but not an immediate market-moving surprise. Seeking Alpha M&A Call Transcript

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.