Viant Technology (NASDAQ:DSP) Price Target Raised to $16.00

Viant Technology (NASDAQ:DSP) had its price target lifted by DA Davidson from $15.50 to $16.00 in a report released on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th. B. Riley Financial reissued a “buy” rating and set a $17.00 target price (up from $16.50) on shares of Viant Technology in a research report on Thursday, March 12th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Thursday. Loop Capital set a $14.50 price target on shares of Viant Technology in a report on Tuesday, March 10th. Finally, Wall Street Zen raised Viant Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $17.79.

Viant Technology Price Performance

DSP opened at $11.61 on Thursday. The firm has a market capitalization of $735.49 million, a PE ratio of 36.28 and a beta of 0.94. The business’s 50-day moving average is $10.57 and its two-hundred day moving average is $10.57. Viant Technology has a 1 year low of $8.11 and a 1 year high of $16.25.

Insider Activity at Viant Technology

In other Viant Technology news, CEO Timothy Vanderhook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $11.94, for a total transaction of $59,700.00. Following the sale, the chief executive officer owned 7,500 shares of the company’s stock, valued at approximately $89,550. The trade was a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Larry Madden sold 7,297 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $11.31, for a total transaction of $82,529.07. Following the transaction, the chief financial officer owned 593,027 shares in the company, valued at $6,707,135.37. The trade was a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 143,179 shares of company stock valued at $1,586,238 in the last three months. 29.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in DSP. Topline Capital Management LLC acquired a new position in shares of Viant Technology in the 3rd quarter valued at $2,150,000. Tudor Investment Corp ET AL lifted its position in Viant Technology by 39.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after acquiring an additional 54,507 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in Viant Technology by 474.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock valued at $609,000 after purchasing an additional 58,251 shares during the last quarter. CWM LLC grew its stake in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Viant Technology in the fourth quarter valued at about $64,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.