Viant Technology Inc. (NASDAQ:DSP – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 492,200 shares, a decrease of 21.9% from the October 15th total of 630,200 shares. Based on an average daily trading volume, of 83,400 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.5% of the company’s shares are sold short.
Viant Technology Trading Up 5.3 %
NASDAQ:DSP traded up $0.81 during mid-day trading on Friday, reaching $16.21. 274,826 shares of the stock were exchanged, compared to its average volume of 131,116. Viant Technology has a 1-year low of $5.36 and a 1-year high of $16.97. The business has a fifty day moving average price of $11.67 and a 200 day moving average price of $10.60. The firm has a market capitalization of $1.02 billion, a PE ratio of 270.21 and a beta of 0.72.
Insiders Place Their Bets
In other news, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total transaction of $34,078.20. Following the completion of the sale, the chief financial officer now owns 538,434 shares in the company, valued at approximately $5,949,695.70. The trade was a 0.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 10,419 shares of company stock valued at $116,647 over the last 90 days. 28.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Viant Technology
Analyst Ratings Changes
A number of brokerages have recently issued reports on DSP. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a research note on Wednesday. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a research report on Wednesday. Craig Hallum boosted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. JMP Securities lifted their price objective on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Needham & Company LLC lifted their price target on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has an average rating of “Buy” and an average price target of $15.86.
Get Our Latest Stock Analysis on Viant Technology
About Viant Technology
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.
Featured Articles
- Five stocks we like better than Viant Technology
- Investing In Preferred Stock vs. Common Stock
- Warren Buffett, Cathie Wood Own Nu Holdings, Should You?
- 5 discounted opportunities for dividend growth investors
- MercadoLibre Down 23% After Missed Earnings: Time to Buy the Dip?
- What Are the U.K. Market Holidays? How to Invest and Trade
- ORIC: Working with Two Pharma Giants, Analysts See +100% Upside
Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.