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

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com 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 12 month price target among analysts that have issued a report on the stock in the last year is $17.7857.

Several brokerages have commented on DSP. DA Davidson boosted their target price on shares of Viant Technology from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a report on Thursday, March 12th.

Viant Technology Trading Up 0.1%

NASDAQ:DSP opened at $10.57 on Wednesday. The company has a 50-day moving average of $10.69 and a 200-day moving average of $10.69. Viant Technology has a twelve month low of $8.11 and a twelve month high of $16.25. The firm has a market cap of $669.61 million, a price-to-earnings ratio of 33.03 and a beta of 0.94.

Insider Transactions at Viant Technology

In related news, major shareholder Capital V. Llc sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $11.80, for a total value of $177,000.00. Following the completion of the sale, the insider directly owned 23,760 shares in the company, valued at approximately $280,368. This represents a 38.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Larry Madden sold 13,283 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.91, for a total transaction of $144,917.53. Following the transaction, the chief financial officer directly owned 579,744 shares in the company, valued at $6,325,007.04. The trade was a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 178,283 shares of company stock worth $1,883,485 in the last 90 days. Corporate insiders own 28.80% 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 business. Royce & Associates LP increased its position in shares of Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after purchasing an additional 382,664 shares during the period. Topline Capital Management LLC bought a new stake in Viant Technology in the 3rd quarter valued at $2,150,000. Invenomic Capital Management LP acquired a new position in shares of Viant Technology in the 4th quarter valued at $2,748,000. Millennium Management LLC lifted its holdings in shares of Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after acquiring an additional 205,160 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Viant Technology during the 2nd quarter valued at about $1,323,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

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.