Viant Technology Inc. (NASDAQ:DSP – Get Free Report) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.33.
A number of research firms recently issued reports on DSP. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. Citizens Jmp upped their price target on shares of Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 11th. Rosenblatt Securities raised their target price on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. DA Davidson raised Viant Technology to a “strong-buy” rating in a research note on Monday, October 5th. Finally, UBS Group upped their price target on shares of Viant Technology from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th.
Check Out Our Latest Report on Viant Technology
Viant Technology Stock Up 0.5%
Insider Activity
In other news, CFO Larry Madden sold 14,602 shares of Viant Technology stock in a transaction that occurred on Friday, September 18th. The shares were 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 of the company’s stock, valued at approximately $4,146,803.10. The trade was a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 61,909 shares of company stock worth $778,642. 29.43% of the stock is owned by company insiders.
Hedge Funds Weigh In On Viant Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in Viant Technology by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after acquiring an additional 1,855 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Viant Technology during the 1st quarter worth approximately $97,000. Hillsdale Investment Management Inc. acquired a new stake in Viant Technology during the 1st quarter worth $320,000. Squarepoint Ops LLC grew 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 buying an additional 3,207 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Viant Technology in the second quarter valued at approximately $609,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.
Viant Technology Company Profile
Viant Technology Inc is an advertising technology company that provides a cloud-based demand-side platform (DSP) for planning, buying, and measuring digital advertising campaigns. Its platform, Adelphic, enables advertisers and agencies to purchase programmatic media across connected television, streaming video, mobile, desktop, audio, and other digital channels.
The company’s technology is designed to support people-based and omnichannel advertising, allowing customers to use first-party data, audience segmentation, identity solutions, automated media buying, and campaign measurement tools.
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