Viant Technology Inc. (NASDAQ: DSP – Rated ) has received a “hold” average rating from the eight analysts currently covering the stock, according to Marketbeat Ratings. Four investment analysts have given a Hold recommendation to the stock and two have given a Buy recommendation to the stock. The twelve-month average price target among brokerages covering the stock in the last year is $6.71.
DSP has been the subject of many recent research reports. Bank of America (Bofa) downgraded Viant Technology from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $6.00 in a research report on Thursday, November 10th. . Canaccord Genuity Group reaffirmed a “hold” rating and set a $6.00 price target (down from $8.00) on shares of Viant Technology in a research report on Thursday, November 10th. Craig Hallum cut their price target on shares of Viant Technology to $6.00 in a report on Tuesday, November 15th. JMP Securities cut their price target on Viant Technology from $9.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. Finally, Canaccord Genuity Group downgraded shares of Viant Technology from a “buy” rating to a “hold” rating and lowered their price target for the company from $8.00 to $6.00 in a research report on Thursday, November 10th.
Institutional investors weigh in on Viant Technology
Some large investors have recently revised their holdings in DSP. Renaissance Technologies LLC increased its stake in Viant Technology by 110.3% in the first quarter. Renaissance Technologies LLC now owns 222,692 shares of the company worth $1,459,000 after purchasing an additional 116,792 shares during that period. JPMorgan Chase & Co. increased its stake in Viant Technology stock by 90.6% in the second quarter. JPMorgan now owns 233,384 shares of the company worth $1,186,000 after purchasing an additional 110,967 shares during that period. Engineers Gate Manager LP increased its stake in Viant Technology by 277.1% in the first quarter. Engineers Gate Manager LP now owns 50,119 shares of the company worth $328,000 after purchasing an additional 36,828 shares during that period. Jane Street Group LLC increased its Viant Technology stake by 208.5% in the first quarter. Jane Street Group LLC now owns 32,327 shares of the company worth $212,000 after purchasing an additional 21,847 shares during that period. Finally, Prelude Capital Management LLC acquired a new stake in Viant Technology for $78,000 during the second quarter. 13.13% of shares are held by institutional investors and hedge funds.
Weian Technology Stock Performance
DSP stock opened Friday at $4.02. The company’s 50-day moving average is $3.99 and its 200-day moving average is $4.57. Viant Technology had a fifty-two-week low of $3.15 and a fifty-two-week high of $10.33. The company has a market capitalization of $247.39 million, a price-to-earnings ratio of -6.93, and a beta of 0.17.
About Weian Technology
Viant Technology Inc is an adware company. It offers Adelphic, an enterprise software platform that enables marketers and their ad 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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