Viant Technology Inc. (NASDAQ:DSP) Receives Average Recommendation of “Buy” from Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned an average rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.7143.

A number of research analysts have recently commented on the company. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Loop Capital set a $14.50 price target on shares of Viant Technology in a research report on Tuesday, March 10th. Freedom Capital upgraded shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective 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 report on Wednesday, January 21st.

Insider Activity at Viant Technology

In other news, major shareholder Capital V. Llc sold 15,000 shares of Viant Technology stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $11.94, for a total value of $179,100.00. Following the transaction, the insider owned 22,500 shares of the company’s stock, valued at $268,650. The trade was a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Christopher Vanderhook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $11.80, for a total transaction of $59,000.00. Following the completion of the sale, the chief operating officer owned 7,920 shares in the company, valued at $93,456. The trade was a 38.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 135,882 shares of company stock valued at $1,503,709 over the last 90 days. 29.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Viant Technology by 246.4% during the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock worth $363,000 after acquiring an additional 20,779 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Viant Technology by 303.6% during the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after purchasing an additional 35,578 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Viant Technology by 77.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after purchasing an additional 59,323 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Viant Technology in the 2nd quarter valued at $166,000. Finally, Geode Capital Management LLC increased its stake in Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after purchasing an additional 22,857 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of DSP stock opened at $10.97 on Friday. The business has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $10.43. The firm has a market capitalization of $694.95 million, a price-to-earnings ratio of 34.28 and a beta of 0.94. Viant Technology has a 12-month low of $8.11 and a 12-month high of $16.25.

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.