Viant Technology (NASDAQ:DSP) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Viant Technology (NASDAQ:DSP) from a hold rating to a buy rating in a research note released on Wednesday, MarketBeat Ratings reports. The firm currently has $18.00 price target on the stock, up from their previous price target of $13.00.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $15.86.

Viant Technology Stock Up 5.3 %

NASDAQ DSP opened at $16.21 on Wednesday. The company has a market cap of $1.02 billion, a PE ratio of 270.17 and a beta of 0.72. Viant Technology has a 52 week low of $5.36 and a 52 week high of $16.97. The firm’s 50-day simple moving average is $11.67 and its two-hundred day simple moving average is $10.59.

Insiders Place Their Bets

In related 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 10,419 shares of company stock worth $116,647 in the last three months. 28.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

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

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.