Viant Technology Inc. (NASDAQ:DSP) Receives $18.57 Average Target Price from Analysts

Viant Technology Inc. (NASDAQ:DSP) has been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.5714.

A number of equities analysts recently weighed in on DSP shares. B. Riley Financial reiterated a “buy” rating and issued a $16.50 price target (up from $14.50) on shares of Viant Technology in a research report on Tuesday, November 11th. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Citizens Jmp cut their price target on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Tuesday, November 11th.

Viant Technology Stock Up 5.8%

DSP opened at $10.72 on Tuesday. The firm has a market cap of $669.29 million, a PE ratio of 97.46 and a beta of 1.05. The business has a fifty day simple moving average of $11.08 and a 200-day simple moving average of $10.25. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $16.25.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 13,477 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total transaction of $157,680.90. Following the completion of the sale, the chief financial officer directly owned 409,778 shares in the company, valued at approximately $4,794,402.60. This trade represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Capital V. Llc sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total value of $176,100.00. Following the completion of the transaction, the insider owned 22,500 shares in the company, valued at $264,150. This represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 155,123 shares of company stock worth $1,729,594. 29.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position 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 buying an additional 1,228 shares in the last quarter. CWM LLC raised its holdings in shares of Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after acquiring an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Viant Technology by 620.8% during the fourth 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 in the last quarter. Farther Finance Advisors LLC acquired a new stake in Viant Technology during the third quarter valued at $31,000. Finally, AlphaQuest LLC increased its position in Viant Technology by 287.6% in the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after purchasing an additional 3,443 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.