Rosenblatt Securities Reaffirms “Buy” Rating for Viant Technology (NASDAQ:DSP)

Viant Technology (NASDAQ:DSP)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $20.00 price objective on the stock. Rosenblatt Securities’ target price suggests a potential upside of 38.99% from the stock’s current price.

A number of other brokerages have also recently weighed in on DSP. Raymond James dropped their price target on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. JMP Securities boosted their target price on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viant Technology has a consensus rating of “Buy” and a consensus target price of $21.00.

Viant Technology Trading Up 9.8 %

NASDAQ DSP opened at $14.39 on Wednesday. The stock has a fifty day simple moving average of $13.24 and a 200-day simple moving average of $16.89. The stock has a market cap of $907.63 million, a PE ratio of 239.87 and a beta of 1.19. Viant Technology has a twelve month low of $8.62 and a twelve month high of $26.33.

Hedge Funds Weigh In On Viant Technology

Several institutional investors have recently modified their holdings of DSP. Barclays PLC boosted its holdings in Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Viant Technology by 102.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after buying an additional 48,826 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Viant Technology during the fourth quarter worth about $88,000. Ritholtz Wealth Management grew its position in shares of Viant Technology by 34.7% during the fourth quarter. Ritholtz Wealth Management now owns 22,484 shares of the company’s stock worth $427,000 after buying an additional 5,794 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Viant Technology during the fourth quarter worth approximately $142,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.