Rosenblatt Securities Reiterates Buy Rating for Viant Technology (NASDAQ:DSP)

Viant Technology (NASDAQ:DSP)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a report released on Thursday,Benzinga reports. They currently have a $20.00 price objective on the stock. Rosenblatt Securities’ target price indicates a potential upside of 72.27% from the company’s current price.

DSP has been the topic of several other reports. Loop Capital set a $14.50 target price on Viant Technology in a research note on Tuesday, March 10th. DA Davidson restated a “buy” rating and issued a $15.50 target price on shares of Viant Technology in a research note on Thursday, March 12th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. B. Riley Financial restated a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a research note on Thursday, March 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Viant Technology has an average rating of “Buy” and an average price target of $17.79.

Viant Technology Stock Performance

Shares of DSP stock opened at $11.61 on Thursday. The firm has a market cap of $735.49 million, a price-to-earnings ratio of 36.28 and a beta of 0.94. Viant Technology has a 52 week low of $8.11 and a 52 week high of $16.25. The firm’s 50-day simple moving average is $10.57 and its two-hundred day simple moving average is $10.56.

Insider Buying and Selling

In related news, COO Christopher Vanderhook sold 2,920 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 transaction of $33,346.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $11.42, for a total transaction of $100,039.20. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 143,179 shares of company stock valued at $1,586,238. Company insiders own 29.40% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors have recently added to or reduced their stakes in DSP. Farther Finance Advisors LLC bought a new position in Viant Technology in the 3rd quarter worth about $31,000. Russell Investments Group Ltd. increased its stake in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. CWM LLC increased its stake in Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after acquiring an additional 2,267 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 acquiring an additional 2,483 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Viant Technology in the 4th quarter worth about $64,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Company Profile

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.