Viant Technology (NASDAQ:DSP) Price Target Raised to $18.00

Viant Technology (NASDAQ:DSP) had its target price upped by Craig Hallum from $14.00 to $18.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $18.00 in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Viant Technology in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $18.00 in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $15.86.

Viant Technology Stock Up 5.3 %

Shares of NASDAQ DSP opened at $16.21 on Wednesday. The firm’s fifty day moving average is $11.67 and its 200 day moving average is $10.60. Viant Technology has a 52 week low of $5.36 and a 52 week high of $16.97. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 270.17 and a beta of 0.72.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the transaction, the chief financial officer now owns 529,848 shares in the company, valued at approximately $5,950,193.04. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 10,419 shares of company stock worth $116,647 over the last three months. Company insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its position in Viant Technology by 379.0% during the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after acquiring an additional 14,835 shares during the period. Heron Bay Capital Management bought a new stake in shares of Viant Technology in the 1st quarter worth approximately $243,000. Quadrature Capital Ltd grew its stake in shares of Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after buying an additional 20,668 shares during the last quarter. Kennedy Capital Management LLC increased its position in Viant Technology by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock valued at $458,000 after buying an additional 1,562 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Viant Technology during the second quarter valued at $111,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Company Profile

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.