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

Nuveen Asset Management LLC lifted its stake in Viant Technology Inc. (NASDAQ:DSP - Free Report) by 81.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,881 shares of the company's stock after purchasing an additional 26,930 shares during the quarter. Nuveen Asset Management LLC owned about 0.10% of Viant Technology worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DSP. Renaissance Technologies LLC lifted its stake in shares of Viant Technology by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 471,200 shares of the company's stock worth $8,948,000 after buying an additional 106,400 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock worth $8,323,000 after acquiring an additional 341,684 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Viant Technology by 189.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company's stock worth $4,961,000 after acquiring an additional 171,047 shares during the last quarter. Marshall Wace LLP lifted its position in Viant Technology by 182.1% in the 4th quarter. Marshall Wace LLP now owns 219,060 shares of the company's stock valued at $4,160,000 after acquiring an additional 141,403 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Viant Technology by 784.8% in the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company's stock valued at $3,247,000 after acquiring an additional 151,662 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Viant Technology Price Performance

Viant Technology stock traded up $0.82 during mid-day trading on Friday, reaching $14.55. 243,246 shares of the stock traded hands, compared to its average volume of 234,022. Viant Technology Inc. has a 12-month low of $8.70 and a 12-month high of $26.33. The business's 50-day moving average is $13.78 and its 200-day moving average is $17.08. The stock has a market capitalization of $910.35 million, a PE ratio of 242.54 and a beta of 1.14.

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.