Acadian Asset Management LLC Sells 84,397 Shares of Viant Technology Inc. $DSP

Acadian Asset Management LLC reduced its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 38.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,606 shares of the company’s stock after selling 84,397 shares during the period. Acadian Asset Management LLC owned about 0.21% of Viant Technology worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lord Abbett & CO. LLC bought a new stake in shares of Viant Technology during the 1st quarter valued at $4,023,000. Harbor Capital Advisors Inc. purchased a new position in Viant Technology during the first quarter valued at $3,867,000. Punch & Associates Investment Management Inc. grew its holdings in Viant Technology by 37.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock valued at $12,283,000 after purchasing an additional 267,326 shares during the period. Norwood Investment Partners LP bought a new stake in Viant Technology during the first quarter valued at about $2,881,000. Finally, Millennium Management LLC increased its position in Viant Technology by 784.8% in the fourth quarter. Millennium Management LLC now owns 170,987 shares of the company’s stock worth $3,247,000 after buying an additional 151,662 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analyst Upgrades and Downgrades

DSP has been the topic of a number of analyst reports. JMP Securities lowered their price objective on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Viant Technology from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Raymond James Financial dropped their price target on shares of Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Tuesday, August 12th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a research report on Tuesday, August 12th. Finally, DA Davidson began coverage on shares of Viant Technology in a report on Friday, August 29th. They issued a “buy” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, Viant Technology currently has a consensus rating of “Buy” and an average price target of $19.78.

Viant Technology Trading Down 1.0%

Viant Technology stock opened at $9.21 on Wednesday. The firm has a 50-day moving average price of $11.67 and a 200-day moving average price of $12.91. The firm has a market capitalization of $579.77 million, a PE ratio of 70.85 and a beta of 1.10. Viant Technology Inc. has a 12-month low of $9.07 and a 12-month high of $26.33.

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.