6,300 Shares in Viant Technology Inc. (NASDAQ:DSP) Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC acquired a new position in shares of Viant Technology Inc. (NASDAQ:DSPGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,300 shares of the company’s stock, valued at approximately $32,000.

Other large investors have also recently modified their holdings of the company. Clearbridge Investments LLC increased its stake in Viant Technology by 1.0% during the 1st quarter. Clearbridge Investments LLC now owns 1,122,397 shares of the company’s stock valued at $7,352,000 after purchasing an additional 10,631 shares in the last quarter. BlackRock Inc. increased its stake in Viant Technology by 0.6% during the 1st 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. State Street Corp increased its stake in Viant Technology by 1.8% during the 1st quarter. State Street Corp now owns 299,888 shares of the company’s stock valued at $1,964,000 after purchasing an additional 5,443 shares in the last quarter. Renaissance Technologies LLC increased its stake in Viant Technology by 110.3% during the 1st quarter. Renaissance Technologies LLC now owns 222,692 shares of the company’s stock valued at $1,459,000 after purchasing an additional 116,792 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Viant Technology by 72.8% during the 1st 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. Institutional investors own 14.84% of the company’s stock.

Viant Technology Stock Performance

Shares of NASDAQ DSP opened at $4.57 on Friday. The company’s fifty day moving average price is $4.41 and its 200 day moving average price is $5.08. Viant Technology Inc. has a 1 year low of $3.85 and a 1 year high of $13.31. The company has a market capitalization of $277.97 million, a PE ratio of -8.16 and a beta of 0.23.

Viant Technology (NASDAQ:DSPGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The firm had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $32.40 million. Viant Technology had a negative return on equity of 4.88% and a negative net margin of 3.33%. On average, equities analysts expect that Viant Technology Inc. will post -0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America downgraded shares of Viant Technology from a “buy” rating to a “neutral” rating in a report on Thursday. Bank Of America (Bofa) downgraded shares of Viant Technology from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $6.00 in a report on Thursday. JMP Securities dropped their price objective on shares of Viant Technology from $9.00 to $6.00 and set a “market outperform” rating on the stock in a report on Thursday. Craig Hallum assumed coverage on shares of Viant Technology in a report on Tuesday, October 18th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Canaccord Genuity Group downgraded shares of Viant Technology from a “buy” rating to a “hold” rating and dropped their price objective for the company from $8.00 to $6.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Viant Technology 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.

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

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