Nuveen Asset Management LLC Boosts Stake in Viant Technology Inc. (NASDAQ:DSP)

Nuveen Asset Management LLC boosted its stake in shares of Viant Technology Inc. (NASDAQ:DSP - Free Report) by 81.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,881 shares of the company's stock after buying an additional 26,930 shares during the period. Nuveen Asset Management LLC owned about 0.10% of Viant Technology worth $1,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DSP. New York State Teachers Retirement System bought a new stake in shares of Viant Technology in the 4th quarter valued at approximately $27,000. Summit Investment Advisors Inc. boosted its position in 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 during the period. Quantbot Technologies LP bought a new stake in shares of Viant Technology in the fourth quarter valued at approximately $80,000. SG Americas Securities LLC bought a new stake in shares of Viant Technology in the fourth quarter valued at approximately $142,000. Finally, Wells Fargo & Company MN raised its stake in shares of Viant Technology by 76.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,846 shares of the company's stock valued at $168,000 after purchasing an additional 3,829 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company's stock.

Analyst Ratings Changes

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

Viant Technology Stock Up 6.0%

NASDAQ:DSP traded up $0.82 on Friday, hitting $14.55. The stock had a trading volume of 243,296 shares, compared to its average volume of 235,215. The company has a market cap of $910.35 million, a PE ratio of 242.54 and a beta of 1.14. The business's fifty day moving average is $13.81 and its 200 day moving average is $17.04. Viant Technology Inc. has a 52 week low of $8.70 and a 52 week high of $26.33.

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.