Brokerages Set Viant Technology Inc. (NASDAQ:DSP) Target Price at $21.00

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.00.

Several equities analysts have recently issued reports on DSP shares. 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 note on Friday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds have recently bought and sold shares of DSP. JPMorgan Chase & Co. raised its stake in Viant Technology by 353.7% during the fourth quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock worth $8,323,000 after buying an additional 341,684 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Viant Technology during the first quarter worth $4,023,000. Harbor Capital Advisors Inc. bought a new position in Viant Technology during the first quarter worth $3,867,000. Punch & Associates Investment Management Inc. raised its stake in Viant Technology by 37.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after buying an additional 267,326 shares during the last quarter. Finally, Norwood Investment Partners LP bought a new position in Viant Technology during the first quarter worth $2,881,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $14.55 on Friday. Viant Technology has a fifty-two week low of $8.70 and a fifty-two week high of $26.33. The firm has a market capitalization of $910.35 million, a P/E ratio of 242.54 and a beta of 1.14. The company’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $17.05.

About Viant Technology

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.