Royce & Associates LP Acquires 306,729 Shares of Viant Technology Inc. (NASDAQ:DSP)

Posted by on Aug 6th, 2023

Royce & Associates LP raised its stake in Viant Technology Inc. (NASDAQ:DSP – Free Report) by 1,589.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 326,029 shares of the company’s stock after buying an additional 306,729 shares during the period. Royce & Associates LP owned about 0.53% of Viant Technology worth $1,418,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of Viant Technology by 110.3% during the 1st quarter. Renaissance Technologies LLC now owns 222,692 shares of the company’s stock valued at $1,459,000 after acquiring an additional 116,792 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Viant Technology by 90.6% during the second quarter. JPMorgan Chase & Co. now owns 233,384 shares of the company’s stock valued at $1,186,000 after purchasing an additional 110,967 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in Viant Technology in the fourth quarter worth about $215,000. Engineers Gate Manager LP raised its holdings in Viant Technology by 277.1% in the first quarter. Engineers Gate Manager LP now owns 50,119 shares of the company’s stock worth $328,000 after purchasing an additional 36,828 shares in the last quarter. Finally, Ronald Blue Trust Inc. acquired a new position in shares of Viant Technology during the first quarter valued at about $137,000. Hedge funds and other institutional investors own 12.53% of the company’s stock.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $4.65 on Friday. Viant Technology Inc. has a twelve month low of $3.15 and a twelve month high of $5.99. The company’s 50 day moving average is $4.55 and its 200 day moving average is $4.45. The company has a market cap of $289.00 million, a PE ratio of -5.96 and a beta of 0.38.

Viant Technology (NASDAQ:DSP – Get Free Report) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $27.99 million during the quarter, compared to analyst estimates of $26.60 million. Viant Technology had a negative net margin of 5.71% and a negative return on equity of 4.21%. Equities research analysts predict that Viant Technology Inc. will post -0.97 earnings per share for the current fiscal year.

About Viant Technology

(Free Report)

Viant Technology Inc operates as an advertising technology company. It provides Adelphic, a cloud-based demand side platform (DSP) that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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Institutional Ownership by Quarter for Viant Technology (NASDAQ:DSP)

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