G2 Investment Partners Management LLC Raises Position in Viant Technology Inc. (NASDAQ:DSP)

G2 Investment Partners Management LLC lifted its stake in shares of Viant Technology Inc. (NASDAQ:DSPFree Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,850 shares of the company’s stock after acquiring an additional 44,779 shares during the quarter. G2 Investment Partners Management LLC owned 0.69% of Viant Technology worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DSP. Jump Financial LLC purchased a new stake in Viant Technology in the third quarter valued at $69,000. Barclays PLC boosted its holdings in Viant Technology by 357.3% in the 3rd quarter. Barclays PLC now owns 19,801 shares of the company’s stock valued at $111,000 after purchasing an additional 15,471 shares in the last quarter. Bailard Inc. acquired a new position in Viant Technology during the 4th quarter worth approximately $260,000. Quadrature Capital Ltd raised its stake in shares of Viant Technology by 509.4% during the 3rd quarter. Quadrature Capital Ltd now owns 88,019 shares of the company’s stock worth $491,000 after buying an additional 73,576 shares in the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of Viant Technology in the 3rd quarter valued at approximately $1,354,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DSP has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of Viant Technology in a research report on Monday, May 20th. Craig Hallum boosted their price target on Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. UBS Group upped their price target on Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Canaccord Genuity Group boosted their target price on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.83.

Get Our Latest Report on Viant Technology

Viant Technology Price Performance

NASDAQ:DSP traded down $0.15 on Thursday, reaching $9.58. The stock had a trading volume of 58,108 shares, compared to its average volume of 135,931. The company has a market cap of $608.23 million, a price-to-earnings ratio of -81.08 and a beta of 0.73. The firm’s fifty day moving average is $9.22 and its two-hundred day moving average is $8.59. Viant Technology Inc. has a 12-month low of $4.22 and a 12-month high of $11.63.

Viant Technology (NASDAQ:DSPGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.07). Viant Technology had a negative return on equity of 6.41% and a negative net margin of 0.81%. The company had revenue of $34.12 million during the quarter, compared to analyst estimates of $34.10 million. As a group, research analysts forecast that Viant Technology Inc. will post -0.34 earnings per share for the current fiscal year.

About Viant Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Viant Technology (NASDAQ:DSP)

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