Federated Hermes Inc. Raises Stock Position in Viant Technology Inc. (NASDAQ:DSP)

Federated Hermes Inc. raised its position in Viant Technology Inc. (NASDAQ:DSP) by 5,286.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,767 shares of the company’s stock after purchasing an additional 66,509 shares during the quarter. Federated Hermes Inc. owned about 0.11% of Viant Technology worth $669,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DSP. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology in the second quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology in the 2nd quarter valued at $84,000. Summit Global Investments purchased a new position in shares of Viant Technology during the 2nd quarter worth $111,000. Acadian Asset Management LLC increased its position in shares of Viant Technology by 379.0% during the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after purchasing an additional 14,835 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in Viant Technology in the 1st quarter valued at about $243,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Analyst Ratings Changes

DSP has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $11.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Viant Technology in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.80.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $10.96 on Monday. The firm has a market capitalization of $695.91 million, a PE ratio of -91.33 and a beta of 0.74. Viant Technology Inc. has a 1 year low of $4.98 and a 1 year high of $12.36. The firm’s 50-day moving average is $10.69 and its two-hundred day moving average is $10.00.

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

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.