Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $18.13

Viant Technology Inc. (NASDAQ:DSP) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.7143.

Several analysts have recently weighed in on DSP shares. Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. B. Riley Financial reaffirmed a “buy” rating and set a $17.00 price target (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, DA Davidson reissued a “buy” rating and issued a $15.50 price objective on shares of Viant Technology in a report on Thursday, March 12th.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, COO Christopher Vanderhook sold 2,920 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $11.42, for a total transaction of $33,346.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Capital V. Llc sold 8,760 shares of Viant Technology stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total value of $100,039.20. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 135,882 shares of company stock valued at $1,503,709. 29.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in Viant Technology during the 3rd quarter worth $31,000. Russell Investments Group Ltd. boosted its holdings in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after acquiring an additional 1,228 shares in the last quarter. CWM LLC increased its stake in shares of Viant Technology by 431.0% during the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after acquiring an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Viant Technology by 620.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after purchasing an additional 2,483 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology during the fourth quarter worth about $64,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Price Performance

NASDAQ DSP opened at $11.23 on Friday. The company has a fifty day moving average of $10.83 and a two-hundred day moving average of $10.42. The company has a market capitalization of $711.42 million, a PE ratio of 35.09 and a beta of 0.94. Viant Technology has a 1 year low of $8.11 and a 1 year high of $16.25.

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.