Viant Technology Inc. (NASDAQ:DSP) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Viant Technology Inc. (NASDAQ:DSP) by 5,286.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 67,767 shares of the company’s stock after acquiring an additional 66,509 shares during the period. Federated Hermes Inc.’s holdings in Viant Technology were worth $669,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DSP. Kennedy Capital Management LLC raised its position in shares of Viant Technology by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after acquiring an additional 1,562 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Viant Technology by 4.4% during the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after purchasing an additional 1,699 shares in the last quarter. Rhumbline Advisers raised its holdings in Viant Technology by 5.1% during the second quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock worth $419,000 after purchasing an additional 2,070 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth approximately $47,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Viant Technology by 14.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 43,571 shares of the company’s stock valued at $430,000 after buying an additional 5,601 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DSP. Canaccord Genuity Group reissued a “hold” rating and issued a $11.00 price target on shares of Viant Technology in a research report on Tuesday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.80.

Viant Technology Price Performance

DSP stock opened at $10.96 on Monday. Viant Technology Inc. has a 12 month low of $4.98 and a 12 month high of $12.36. The company has a market cap of $695.91 million, a price-to-earnings ratio of -91.33 and a beta of 0.74. The company has a fifty day moving average price of $10.69 and a 200 day moving average price of $10.00.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $41.56 million for the quarter, compared to analyst estimates of $41.10 million. Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. As a group, analysts anticipate that Viant Technology Inc. will post -0.37 earnings per share for the current year.

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.