Viant Technology Inc. (NASDAQ:DSP) Stock Has Consensus Target Price of $18.33

Viant Technology Inc. (NASDAQ:DSP) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.33.

DSP has been the subject of several recent research reports. UBS Group raised their target price on shares of Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of Viant Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Citizens Jmp increased their price target on shares of Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 11th. Rosenblatt Securities raised their price objective on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th.

Viant Technology Stock Performance

Viant Technology stock opened at $12.19 on Friday. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $14.80. The firm has a market capitalization of $810.27 million, a price-to-earnings ratio of 39.32 and a beta of 1.13. The stock’s fifty day moving average is $12.41 and its two-hundred day moving average is $11.81.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 27,451 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total value of $358,510.06. Following the completion of the transaction, the chief financial officer directly owned 398,371 shares of the company’s stock, valued at $5,202,725.26. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 92,428 shares of company stock worth $1,168,392 over the last ninety days. Company insiders own 29.43% of the company’s stock.

Institutional Trading of Viant Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its position in Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after acquiring an additional 382,664 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in shares of Viant Technology by 16.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after purchasing an additional 190,248 shares during the period. Globeflex Capital L P acquired a new stake in shares of Viant Technology during the second quarter worth $1,316,000. Norwood Investment Partners LP acquired a new stake in shares of Viant Technology during the fourth quarter worth $1,186,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Viant Technology in the fourth quarter valued at $873,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides a demand-side platform (DSP) for planning, buying and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase programmatic advertising across channels, including connected television, mobile, desktop, audio and other digital media.

The company’s platform, Adelphic, is designed to support omnichannel campaign management, audience targeting, media planning, identity resolution and performance measurement.