Viant Technology (NASDAQ:DSP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Viant Technology (NASDAQ:DSP) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also recently commented on DSP. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. UBS Group upped their price objective 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 research report on Friday, August 21st. Rosenblatt Securities lifted their target price 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, Citizens Jmp lifted their target price on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $18.33.

Viant Technology Price Performance

Viant Technology stock opened at $12.66 on Friday. Viant Technology has a 1-year low of $8.11 and a 1-year high of $14.80. The business has a fifty day moving average price of $12.41 and a 200-day moving average price of $11.76. The stock has a market capitalization of $841.51 million, a price-to-earnings ratio of 40.84 and a beta of 1.13.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 14,602 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $12.10, for a total transaction of $176,684.20. Following the sale, the chief financial officer owned 342,711 shares in the company, valued at approximately $4,146,803.10. The trade was a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 92,428 shares of company stock worth $1,168,392. Insiders own 29.43% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Viant Technology by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after buying an additional 1,855 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Viant Technology in the first quarter worth $97,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Viant Technology in the first quarter worth $320,000. Squarepoint Ops LLC raised its holdings in shares of Viant Technology by 8.8% during the second quarter. Squarepoint Ops LLC now owns 39,568 shares of the company’s stock worth $501,000 after purchasing an additional 3,207 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Viant Technology during the second quarter worth $609,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

About Viant Technology

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.