Mackenzie Financial Corp Takes $521,000 Position in Viant Technology Inc. (NASDAQ:DSP)

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

A number of other institutional investors and hedge funds have also made changes to their positions in DSP. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology during the fourth quarter worth approximately $27,000. Summit Investment Advisors Inc. increased its position in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock worth $30,000 after purchasing an additional 728 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Viant Technology during the fourth quarter worth approximately $80,000. SG Americas Securities LLC purchased a new stake in shares of Viant Technology during the fourth quarter worth approximately $142,000. Finally, Wells Fargo & Company MN increased its position in shares of Viant Technology by 76.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock worth $168,000 after purchasing an additional 3,829 shares in the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DSP has been the subject of several research reports. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Viant Technology in a research report on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. Finally, Raymond James dropped their target price on Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $21.00.

Viant Technology Trading Up 6.0%

NASDAQ:DSP traded up $0.82 during trading hours on Friday, hitting $14.55. The company had a trading volume of 243,296 shares, compared to its average volume of 234,638. The company has a 50-day moving average of $13.81 and a 200 day moving average of $17.06. The company has a market cap of $910.35 million, a P/E ratio of 242.54 and a beta of 1.14. Viant Technology Inc. has a 1 year low of $8.70 and a 1 year high of $26.33.

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.