Viant Technology Inc. (NASDAQ:DSP) Stock Has Average Target Price of $18.33 According to Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP – Get Free Report) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.33.

Several analysts have issued reports on DSP shares. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. Rosenblatt Securities increased their price target on shares of Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Citizens Jmp lifted their price target on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, UBS Group upped their price objective on shares of Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th.

Get Our Latest Report on DSP

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 27,451 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $13.06, for a total value of $358,510.06. Following the transaction, the chief financial officer owned 398,371 shares in the company, valued at approximately $5,202,725.26. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 79,806 shares of company stock valued at $1,020,703 over the last quarter. 29.43% of the stock is owned by insiders.

Institutional Trading of Viant Technology

Large investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. increased its position in shares of Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after buying an additional 190,248 shares during the period. Globeflex Capital L P bought a new position in Viant Technology in the second quarter worth about $1,316,000. Quantinno Capital Management LP lifted its holdings in Viant Technology by 81.6% in the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock worth $699,000 after buying an additional 28,052 shares during the period. Inspire Investing LLC purchased a new stake in Viant Technology in the third quarter worth about $643,000. Finally, Bank of New York Mellon Corp purchased a new stake in Viant Technology in the second quarter worth about $609,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Trading Up 1.6%

DSP stock opened at $12.85 on Friday. The company’s 50 day moving average is $12.84 and its 200 day moving average is $11.79. The stock has a market cap of $854.14 million, a price-to-earnings ratio of 41.45 and a beta of 1.16. Viant Technology has a 1-year low of $8.35 and a 1-year high of $14.80.

About Viant Technology

(Get Free Report)

Viant Technology Inc is an advertising technology company that provides software and services for planning, buying, and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase advertising across channels such as connected television, streaming video, display, mobile, audio, and digital out-of-home media.

The company’s solutions are designed to support automated, data-driven media buying, audience targeting, campaign optimization, and performance measurement.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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