Viant Technology Inc. (NASDAQ:DSP – Get Rating) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.36.
A number of brokerages recently issued reports on DSP. JMP Securities restated a “market outperform” rating and set a $6.00 price target on shares of Viant Technology in a report on Thursday, March 16th. Needham & Company LLC reissued a “buy” rating and set a $7.50 target price on shares of Viant Technology in a research note on Friday, March 3rd.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased its stake in shares of Viant Technology by 1,589.3% during the first quarter. Royce & Associates LP now owns 326,029 shares of the company’s stock valued at $1,418,000 after purchasing an additional 306,729 shares in the last quarter. Jane Street Group LLC purchased a new position in Viant Technology during the first quarter valued at $193,000. Geode Capital Management LLC boosted its holdings in Viant Technology by 14.1% in the first quarter. Geode Capital Management LLC now owns 253,664 shares of the company’s stock worth $1,103,000 after acquiring an additional 31,351 shares in the last quarter. Deutsche Bank AG boosted its holdings in Viant Technology by 78.3% in the first quarter. Deutsche Bank AG now owns 8,796 shares of the company’s stock worth $38,000 after acquiring an additional 3,862 shares in the last quarter. Finally, Whetstone Capital Advisors LLC grew its stake in shares of Viant Technology by 320.9% in the first quarter. Whetstone Capital Advisors LLC now owns 129,758 shares of the company’s stock worth $564,000 after acquiring an additional 98,929 shares during the last quarter. Hedge funds and other institutional investors own 13.13% of the company’s stock.
Viant Technology Stock Down 1.4 %
Shares of NASDAQ DSP opened at $4.24 on Friday. The firm’s fifty day moving average is $4.44 and its 200 day moving average is $4.23. Viant Technology has a 52 week low of $3.15 and a 52 week high of $6.51. The company has a market cap of $263.50 million, a price-to-earnings ratio of -5.44 and a beta of 0.31.
About Viant Technology
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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.
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