Allspring Global Investments Holdings LLC lifted its holdings in shares of Viant Technology Inc. (NASDAQ:DSP – Free Report) by 275.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,340 shares of the company’s stock after acquiring an additional 4,651 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Viant Technology were worth $29,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Prelude Capital Management LLC purchased a new position in shares of Viant Technology during the second quarter worth approximately $78,000. Rhumbline Advisers purchased a new position in Viant Technology in the 2nd quarter valued at $77,000. Dimensional Fund Advisors LP grew its position in Viant Technology by 53.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,007 shares of the company’s stock valued at $64,000 after buying an additional 5,587 shares during the last quarter. PDT Partners LLC purchased a new position in Viant Technology in the 2nd quarter valued at $52,000. Finally, Deutsche Bank AG grew its position in Viant Technology by 78.3% in the 1st quarter. Deutsche Bank AG now owns 8,796 shares of the company’s stock valued at $38,000 after buying an additional 3,862 shares during the last quarter. 11.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on DSP. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price objective on shares of Viant Technology in a research report on Tuesday, November 7th. Raymond James upgraded shares of Viant Technology from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a research report on Tuesday, October 31st. UBS Group decreased their target price on shares of Viant Technology from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, JMP Securities boosted their target price on shares of Viant Technology from $6.00 to $7.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 8th.
Viant Technology Stock Performance
Shares of NASDAQ DSP opened at $5.47 on Friday. The firm has a market capitalization of $342.53 million, a P/E ratio of -13.02 and a beta of 0.28. Viant Technology Inc. has a one year low of $3.15 and a one year high of $7.21. The company’s fifty day moving average is $5.51 and its two-hundred day moving average is $5.17.
Viant Technology Company Profile
Viant Technology Inc operates as an advertising technology company. It provides Adelphic, a cloud-based demand side platform (DSP) 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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