Dynamic Technology Lab Private Ltd Takes Position in Viant Technology Inc. $DSP

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Viant Technology Inc. during the 1st quarter, purchasing 33,592 shares valued at approximately $417,000.
• Institutional investors collectively own 11.38% of Viant Technology's stock, with multiple hedge funds increasing their stakes recently.
• Viant Technology has received favorable ratings from analysts, with an average target price of $19.78 and several reports upgrading the stock to "buy."

Dynamic Technology Lab Private Ltd purchased a new position in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 33,592 shares of the company's stock, valued at approximately $417,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Viant Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Viant Technology during the 4th quarter worth about $197,000. Two Sigma Advisers LP bought a new stake in shares of Viant Technology during the fourth quarter worth approximately $302,000. Deutsche Bank AG lifted its holdings in Viant Technology by 30.8% in the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock valued at $323,000 after buying an additional 4,012 shares during the period. Bailard Inc. boosted its stake in Viant Technology by 18.4% in the first quarter. Bailard Inc. now owns 19,972 shares of the company's stock valued at $248,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Huntleigh Advisors Inc. increased its holdings in Viant Technology by 16.7% in the first quarter. Huntleigh Advisors Inc. now owns 22,418 shares of the company's stock valued at $278,000 after purchasing an additional 3,216 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company's stock.

Viant Technology Stock Performance

NASDAQ DSP opened at $9.98 on Friday. The stock has a market cap of $628.24 million, a PE ratio of 76.78 and a beta of 1.10. The firm has a 50-day moving average of $11.93 and a 200-day moving average of $13.19. Viant Technology Inc. has a 52-week low of $9.07 and a 52-week high of $26.33.

Analyst Ratings Changes

DSP has been the subject of several research analyst reports. Wall Street Zen raised shares of Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Canaccord Genuity Group decreased their target price on Viant Technology from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. JMP Securities dropped their price target 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. DA Davidson assumed coverage on Viant Technology in a research report on Friday, August 29th. They issued a "buy" rating and a $15.00 price objective for the company. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of Viant Technology in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat.com, Viant Technology has an average rating of "Buy" and an average target price of $19.78.

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.

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