25,476 Shares in Viant Technology Inc. (NASDAQ:DSP) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,476 shares of the company's stock, valued at approximately $484,000.

Several other large investors have also recently added to or reduced their stakes in DSP. New York State Teachers Retirement System acquired a new stake in Viant Technology in the fourth quarter valued at $27,000. Summit Investment Advisors Inc. grew its holdings in Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Viant Technology in the fourth quarter valued at $80,000. SG Americas Securities LLC purchased a new position in shares of Viant Technology in the fourth quarter valued at $142,000. Finally, Wells Fargo & Company MN raised its stake in shares of Viant Technology by 76.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock worth $168,000 after buying an additional 3,829 shares during the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Price Performance

Shares of DSP remained flat at $13.96 on Thursday. 170,603 shares of the company traded hands, compared to its average volume of 231,597. Viant Technology Inc. has a fifty-two week low of $8.70 and a fifty-two week high of $26.33. The firm has a 50-day moving average price of $13.68 and a 200 day moving average price of $17.16. The stock has a market cap of $873.44 million, a price-to-earnings ratio of 232.71 and a beta of 1.19.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DSP shares. Raymond James lowered their price objective on shares of Viant Technology from $27.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a report on Wednesday, April 2nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $21.00.

Viant Technology 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.