Bailard Inc. Makes New $260,000 Investment in Viant Technology Inc. (NASDAQ:DSP)

Bailard Inc. purchased a new stake in Viant Technology Inc. (NASDAQ:DSP) during the fourth quarter, Holdings Channel reports. The firm purchased 37,672 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DSP. Quadrature Capital Ltd boosted its position in shares of Viant Technology by 509.4% in the 3rd quarter. Quadrature Capital Ltd now owns 88,019 shares of the company’s stock worth $491,000 after purchasing an additional 73,576 shares in the last quarter. Potomac Capital Management Inc. boosted its holdings in Viant Technology by 12.4% in the third quarter. Potomac Capital Management Inc. now owns 302,648 shares of the company’s stock worth $1,695,000 after acquiring an additional 33,486 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Viant Technology during the third quarter worth about $1,354,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Viant Technology by 9.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock valued at $410,000 after acquiring an additional 6,232 shares in the last quarter. Finally, Barclays PLC boosted its stake in Viant Technology by 357.3% in the 3rd quarter. Barclays PLC now owns 19,801 shares of the company’s stock worth $111,000 after purchasing an additional 15,471 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Performance

NASDAQ DSP opened at $8.33 on Monday. The firm has a market capitalization of $523.37 million, a P/E ratio of -36.22 and a beta of 0.63. The stock has a 50-day simple moving average of $9.58 and a two-hundred day simple moving average of $7.76. Viant Technology Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $11.63.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.08). Viant Technology had a negative net margin of 1.54% and a negative return on equity of 5.84%. The company had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $42.10 million. As a group, analysts forecast that Viant Technology Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of Viant Technology from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group raised their target price on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Craig Hallum boosted their price target on Viant Technology from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Raymond James increased their price objective on Viant Technology from $7.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Needham & Company LLC lifted their target price on Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a 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. According to MarketBeat, Viant Technology currently has a consensus rating of “Moderate Buy” and an average price target of $10.83.

Viant Technology Company Profile

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.