Jacobs Levy Equity Management Inc. Purchases New Shares in Viant Technology Inc. $DSP

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake in Viant Technology, purchasing 79,142 shares valued at approximately $982,000, representing about 0.13% of the company.
• Recently, several hedge funds increased their stakes in Viant Technology, with Cubist Systematic Strategies LLC raising its stake by 77.8% during Q1.
• Wall Street analysts generally rate Viant Technology positively, with a consensus target price of $19.78 and a majority issuing buy ratings.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 79,142 shares of the company's stock, valued at approximately $982,000. Jacobs Levy Equity Management Inc. owned approximately 0.13% of Viant Technology as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its stake in Viant Technology by 77.8% during the first quarter. Cubist Systematic Strategies LLC now owns 92,686 shares of the company's stock valued at $1,150,000 after purchasing an additional 40,567 shares in the last quarter. Rhumbline Advisers raised its stake in Viant Technology by 2.8% during the first quarter. Rhumbline Advisers now owns 43,986 shares of the company's stock valued at $546,000 after purchasing an additional 1,214 shares in the last quarter. Bank of America Corp DE raised its stake in Viant Technology by 13.8% during the fourth quarter. Bank of America Corp DE now owns 33,272 shares of the company's stock valued at $632,000 after purchasing an additional 4,030 shares in the last quarter. Deutsche Bank AG raised its stake in Viant Technology by 30.8% during the fourth quarter. Deutsche Bank AG now owns 17,021 shares of the company's stock valued at $323,000 after purchasing an additional 4,012 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Viant Technology during the fourth quarter valued at $484,000. Hedge funds and other institutional investors own 11.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Viant Technology in a report on Tuesday, August 12th. JMP Securities lowered their target price on shares of Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. DA Davidson assumed 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. Wall Street Zen upgraded shares of Viant Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Canaccord Genuity Group lowered their target price on shares of Viant Technology from $24.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $19.78.

Viant Technology Price Performance

DSP stock opened at $9.98 on Friday. The company has a market capitalization of $628.24 million, a PE ratio of 76.78 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. The firm's 50-day moving average is $11.93 and its 200 day moving average is $13.19.

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.

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