Mackenzie Financial Corp Invests $112,000 in Viant Technology Inc. (NASDAQ:DSP)

Mackenzie Financial Corp bought a new position in shares of Viant Technology Inc. (NASDAQ:DSP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,339 shares of the company’s stock, valued at approximately $112,000.

A number of other hedge funds have also recently bought and sold shares of DSP. Allspring Global Investments Holdings LLC acquired a new position in shares of Viant Technology during the 2nd quarter valued at about $47,000. Ashton Thomas Private Wealth LLC purchased a new position in Viant Technology in the second quarter valued at approximately $84,000. Summit Global Investments acquired a new position in shares of Viant Technology during the 2nd quarter valued at $111,000. Acadian Asset Management LLC increased its holdings in Viant Technology by 379.0% in the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after purchasing an additional 14,835 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Viant Technology by 55.1% during the second quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock worth $207,000 after purchasing an additional 7,437 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group reiterated a “hold” rating and issued a $11.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Viant Technology in a report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.80.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $10.96 on Tuesday. The company has a market capitalization of $695.91 million, a P/E ratio of -91.33 and a beta of 0.74. The business’s fifty day moving average price is $10.63 and its two-hundred day moving average price is $10.05. Viant Technology Inc. has a 1-year low of $4.98 and a 1-year high of $12.36.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $41.56 million during 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%. On average, research analysts expect that Viant Technology Inc. will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 3,084 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the sale, the chief financial officer now owns 538,434 shares of the company’s stock, valued at $5,949,695.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 28.80% of the company’s stock.

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.