Viant Technology Inc. (NASDAQ:DSP – Get Rating) traded up 2.8% during trading on Thursday . The stock traded as high as $4.12 and last traded at $3.97. 177,329 shares were traded during trading, an increase of 23% from the average session volume of 144,144 shares. The stock had previously closed at $3.86.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Bank Of America (Bofa) lowered shares of Viant Technology from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $16.00 to $6.00 in a research note on Thursday, November 10th. UBS Group cut their price target on shares of Viant Technology to $7.00 in a research note on Wednesday, November 16th. Craig Hallum cut their price target on shares of Viant Technology to $6.00 in a research note on Tuesday, November 15th. Canaccord Genuity Group restated a "hold" rating and set a $6.00 price target (down previously from $8.00) on shares of Viant Technology in a research note on Thursday, November 10th. Finally, Canaccord Genuity Group lowered shares of Viant Technology from a "buy" rating to a "hold" rating and cut their price target for the company from $8.00 to $6.00 in a research note on Thursday, November 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Viant Technology has an average rating of "Moderate Buy" and an average price target of $6.71.
Get Viant Technology alerts:Viant Technology Price Performance
The stock's fifty day moving average is $3.99 and its 200-day moving average is $4.59. The stock has a market capitalization of $244.32 million, a PE ratio of -6.84 and a beta of 0.17.
Institutional Trading of Viant Technology
A number of hedge funds have recently added to or reduced their stakes in DSP. Advisor Group Holdings Inc. lifted its holdings in Viant Technology by 252.5% during 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. JPMorgan Chase & Co. lifted its holdings in Viant Technology by 72.8% during the first quarter. JPMorgan Chase & Co. now owns 122,417 shares of the company's stock valued at $803,000 after purchasing an additional 51,594 shares in the last quarter. Raymond James & Associates lifted its holdings in Viant Technology by 29.9% during the first quarter. Raymond James & Associates now owns 19,473 shares of the company's stock valued at $128,000 after purchasing an additional 4,481 shares in the last quarter. BlackRock Inc. lifted its holdings in Viant Technology by 0.6% during the first quarter. BlackRock Inc. now owns 787,740 shares of the company's stock valued at $5,159,000 after purchasing an additional 4,741 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in Viant Technology during the first quarter valued at $92,000. 13.13% of the stock is owned by hedge funds and other institutional investors.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.
Further Reading
- Get a free copy of the StockNews.com research report on Viant Technology (DSP)
- Should You Warm up to Generac Stock for the Winter?
- Is Kintara Therapeutics A Hidden Gem?
- 3 High-Yield Dividend Stocks to Hold for the Long Haul
- Cal-Maine Posts Record Quarter, Remain CALM Income Investors
- Tesla Stock: What the Bulls and the Bears Are Getting Wrong
Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.