Northern Trust Corp Buys 15,996 Shares of Viant Technology Inc. (NASDAQ:DSP)

Northern Trust Corp lifted its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,512 shares of the company’s stock after acquiring an additional 15,996 shares during the quarter. Northern Trust Corp owned approximately 0.25% of Viant Technology worth $3,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Viant Technology during the fourth quarter valued at approximately $27,000. Summit Investment Advisors Inc. raised its holdings in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Viant Technology during the fourth quarter valued at approximately $80,000. SG Americas Securities LLC bought a new position in shares of Viant Technology during the fourth quarter valued at approximately $142,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company’s stock valued at $168,000 after acquiring an additional 3,829 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $13.48 on Friday. Viant Technology Inc. has a 1-year low of $8.70 and a 1-year high of $26.33. The business has a fifty day moving average price of $13.57 and a 200-day moving average price of $17.14. The company has a market capitalization of $843.40 million, a PE ratio of 224.70 and a beta of 1.19.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DSP shares. Raymond James reduced their price target on Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Wednesday, May 7th. JMP Securities upped their price target on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price target on shares of Viant Technology in a research note on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus price target of $21.00.

About Viant Technology

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.