Viant Technology Inc. (NASDAQ:DSP) Receives $21.00 Average PT from Analysts

Viant Technology Inc. (NASDAQ:DSP) has received an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of Viant Technology in a research report on Wednesday, April 2nd. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Wednesday, May 7th. Finally, Raymond James dropped their price objective on Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a report on Friday, April 11th.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its stake in Viant Technology by 2.8% in the 1st quarter. Rhumbline Advisers now owns 43,986 shares of the company’s stock valued at $546,000 after purchasing an additional 1,214 shares in the last quarter. Strs Ohio acquired a new stake in Viant Technology in the first quarter valued at $506,000. Goldman Sachs Group Inc. increased its position in shares of Viant Technology by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after buying an additional 59,323 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Viant Technology during the 1st quarter worth $417,000. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Viant Technology by 37.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after buying an additional 267,326 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Up 3.2%

Shares of Viant Technology stock opened at $13.73 on Friday. The firm has a market cap of $859.04 million, a price-to-earnings ratio of 228.87 and a beta of 1.19. Viant Technology has a 52-week low of $8.70 and a 52-week high of $26.33. The company’s 50-day simple moving average is $13.72 and its 200-day simple moving average is $17.13.

Viant Technology Company Profile

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.