Viant Technology Inc. (NASDAQ:DSP) Given Consensus Rating of “Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus rating of “Buy” by the ten analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.1250.

A number of analysts have weighed in on DSP shares. Wall Street Zen raised shares of Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. DA Davidson reiterated a “buy” rating and issued a $15.50 price target on shares of Viant Technology in a research note on Thursday, March 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, January 21st. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Loop Capital set a $14.50 target price on Viant Technology in a report on Tuesday, March 10th.

Viant Technology Price Performance

DSP stock opened at $10.75 on Friday. The stock has a market cap of $681.01 million, a price-to-earnings ratio of 33.59 and a beta of 1.05. The company has a 50 day simple moving average of $10.90 and a 200 day simple moving average of $10.39. Viant Technology has a 1 year low of $8.11 and a 1 year high of $16.25.

Insider Activity

In other news, major shareholder Capital V. Llc sold 8,760 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 value of $100,039.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher Vanderhook sold 2,920 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $11.42, for a total transaction of $33,346.40. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 135,882 shares of company stock worth $1,503,709. Company insiders own 29.40% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of Viant Technology by 86.9% during 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 during the last quarter. CWM LLC lifted its holdings 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 purchasing an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Viant Technology by 620.8% in 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 during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Viant Technology in the third quarter worth $31,000. Finally, State of Alaska Department of Revenue acquired a new stake in Viant Technology in the fourth quarter valued at $64,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Company Profile

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.