Mackenzie Financial Corp Makes New Investment in Viant Technology Inc. (NASDAQ:DSP)

Mackenzie Financial Corp purchased a new stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,426 shares of the company's stock, valued at approximately $521,000.

Several other institutional investors have also modified their holdings of the company. Deutsche Bank AG increased its holdings in shares of 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 during the period. Quantbot Technologies LP bought a new stake in shares of Viant Technology during the 4th quarter worth about $80,000. BNP Paribas Financial Markets acquired a new stake in shares of Viant Technology in the 4th quarter worth approximately $484,000. Northern Trust Corp boosted its holdings in shares of Viant Technology by 11.2% in the fourth quarter. Northern Trust Corp now owns 158,512 shares of the company's stock valued at $3,010,000 after acquiring an additional 15,996 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Viant Technology during the fourth quarter valued at approximately $3,022,000. Institutional investors own 11.38% of the company's stock.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded down $0.06 during trading on Thursday, reaching $13.76. The stock had a trading volume of 175,834 shares, compared to its average volume of 232,571. The stock has a market capitalization of $860.92 million, a PE ratio of 229.37 and a beta of 1.14. Viant Technology Inc. has a 52 week low of $8.70 and a 52 week high of $26.33. The business's 50-day moving average price is $13.76 and its 200 day moving average price is $17.11.

Analysts Set New Price Targets

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

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.