Weekly Analysts’ Ratings Updates for Viant Technology (DSP)

Several brokerages have updated their recommendations and price targets on shares of Viant Technology (NASDAQ: DSP) in the last few weeks:

• 11/13/2024 – Viant Technology had its price target raised by analysts at JMP Securities from $12.00 to $17.00. They now have a “market outperform” rating on the stock.
• 11/13/2024 – Viant Technology had its price target raised by analysts at Needham & Company LLC from $12.00 to $18.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Viant Technology had its price target raised by analysts at Craig Hallum from $14.00 to $18.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Viant Technology was upgraded by analysts at Canaccord Genuity Group Inc. from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $13.00.
• 11/13/2024 – Viant Technology was upgraded by analysts at Canaccord Genuity Group Inc. from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $13.00.
• 10/18/2024 – Viant Technology had its price target raised by analysts at Canaccord Genuity Group Inc. from $11.00 to $13.00. They now have a “hold” rating on the stock.

Viant Technology Trading Down 1.6 %

Shares of NASDAQ:DSP opened at $18.72 on Monday. The stock has a market cap of $1.18 billion, a P/E ratio of 312.00 and a beta of 0.72. The company has a 50 day moving average of $12.47 and a 200 day moving average of $10.96. Viant Technology Inc. has a 12 month low of $5.58 and a 12 month high of $19.40.

Insider Activity

In related news, CFO Larry Madden sold 67,243 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the transaction, the chief financial officer now owns 461,107 shares of the company’s stock, valued at approximately $7,004,215.33. This trade represents a 12.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 100,166 shares of company stock worth $1,521,311. 28.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently bought and sold shares of DSP. Barclays PLC increased its holdings in Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the period. Geode Capital Management LLC increased its stake in shares of Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after buying an additional 6,803 shares during the period. State Street Corp increased its stake in shares of 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 buying an additional 1,722 shares during the period. Martingale Asset Management L P bought a new position in shares of Viant Technology during the third quarter valued at approximately $254,000. Finally, FMR LLC lifted its stake in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.