Viant Technology (NASDAQ:DSP) Shares Gap Up to $12.69

Shares of Viant Technology Inc. (NASDAQ:DSP) gapped up before the market opened on Monday . The stock had previously closed at $12.69, but opened at $13.28. Viant Technology shares last traded at $13.75, with a volume of 1,613 shares.

DSP has been the topic of a number of research reports. Needham & Company LLC initiated coverage on Viant Technology in a report on Friday, July 2nd. They issued a “buy” rating and a $62.00 price target on the stock. Zacks Investment Research lowered Viant Technology from a “hold” rating to a “sell” rating in a report on Tuesday, August 17th. JMP Securities upgraded Viant Technology from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Monday. Berenberg Bank initiated coverage on Viant Technology in a report on Wednesday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Bank of America upgraded Viant Technology from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $33.60.

The business has a 50-day simple moving average of $14.86 and a two-hundred day simple moving average of $27.21. The stock has a market cap of $836.34 million and a price-to-earnings ratio of 0.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.74 and a quick ratio of 5.74.

In related news, CFO Larry Madden sold 18,404 shares of the stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $12.51, for a total transaction of $230,234.04. Following the sale, the chief financial officer now owns 416,075 shares of the company’s stock, valued at $5,205,098.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several institutional investors and hedge funds have recently made changes to their positions in DSP. Citigroup Inc. acquired a new stake in Viant Technology during the 1st quarter worth about $38,000. Atom Investors LP bought a new position in Viant Technology in the 1st quarter valued at about $234,000. The Manufacturers Life Insurance Company bought a new stake in shares of Viant Technology in the 1st quarter worth approximately $322,000. American International Group Inc. bought a new stake in shares of Viant Technology in the 1st quarter worth approximately $331,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Viant Technology in the 1st quarter worth approximately $347,000. Institutional investors own 19.68% of the company’s stock.

Viant Technology Company Profile (NASDAQ:DSP)

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. The company also offers cloud-based self-service portal that provides customers with transparency and control over their advertising campaigns and underlying data infrastructure; omnichannel demand side platform for ad buyers to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; and Data lake, a software and self-service enables customers with differentiated insights, including foot-traffic data reports, multi-touch attribution, and ROAS analytics.

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