JMP Securities Reiterates “Market Outperform” Rating for Viant Technology (NASDAQ:DSP)

Viant Technology (NASDAQ:DSP – Get Rating)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a report issued on Thursday, Benzinga reports. They presently have a $6.00 price target on the stock. JMP Securities’ price objective would suggest a potential upside of 46.70% from the company’s current price.

A number of other research firms have also weighed in on DSP. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price objective on shares of Viant Technology in a research report on Friday, March 3rd. UBS Group reduced their price target on Viant Technology to $7.00 in a research report on Wednesday, November 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.36.

Viant Technology Stock Down 2.9 %

Shares of DSP opened at $4.09 on Thursday. Viant Technology has a fifty-two week low of $3.15 and a fifty-two week high of $7.86. The company has a market cap of $252.48 million, a P/E ratio of -4.87 and a beta of 0.22. The firm’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.22.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. boosted its holdings in Viant Technology by 252.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock valued at $36,000 after purchasing an additional 1,808 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Viant Technology by 28.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,533 shares of the company’s stock valued at $44,000 after buying an additional 2,359 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Viant Technology by 0.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,125,949 shares of the company’s stock valued at $5,720,000 after buying an additional 3,552 shares during the last quarter. BlackRock Inc. raised its stake in Viant Technology by 0.5% during the 3rd quarter. BlackRock Inc. now owns 819,381 shares of the company’s stock worth $3,450,000 after acquiring an additional 4,218 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Viant Technology by 29.9% in the first quarter. Raymond James & Associates now owns 19,473 shares of the company’s stock valued at $128,000 after acquiring an additional 4,481 shares during the last quarter. Hedge funds and other institutional investors own 13.13% of the company’s stock.

Viant Technology Company Profile

(Get Rating)

Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.