Viant Technology Inc. (NASDAQ:DSP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.60.

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Viant Technology in a research report on Monday, May 20th.

Viant Technology Stock Performance

NASDAQ:DSP opened at $9.46 on Friday. Viant Technology has a fifty-two week low of $4.98 and a fifty-two week high of $12.36. The company has a market cap of $600.66 million, a price-to-earnings ratio of -78.83 and a beta of 0.74. The stock has a fifty day moving average price of $10.19 and a 200-day moving average price of $9.58.

Institutional Trading of Viant Technology

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology during the second quarter worth about $47,000. Ashton Thomas Private Wealth LLC acquired a new position in Viant Technology during the 2nd quarter worth approximately $84,000. Summit Global Investments bought a new position in Viant Technology in the 2nd quarter valued at approximately $111,000. Acadian Asset Management LLC boosted its position in Viant Technology by 379.0% in the first quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after buying an additional 14,835 shares in the last quarter. Finally, Heron Bay Capital Management bought a new stake in shares of Viant Technology during the first quarter worth $243,000. 11.38% of the stock is 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.