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

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

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

Viant Technology Stock Up 5.3 %

Shares of Viant Technology stock opened at $16.21 on Wednesday. Viant Technology has a 12-month low of $5.36 and a 12-month high of $16.97. The stock has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $10.59. The stock has a market capitalization of $1.02 billion, a P/E 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 firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 529,848 shares in the company, valued at approximately $5,950,193.04. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 10,419 shares of company stock worth $116,647 in the last ninety days. Insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC boosted its stake in Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after buying an additional 2,915 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Viant Technology by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,803 shares in the last quarter. State Street Corp increased its stake in Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares during the period. Dimensional Fund Advisors LP raised its position in Viant Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after purchasing an additional 6,064 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after purchasing an additional 123,635 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

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.