Punch & Associates Investment Management Inc. Buys 190,248 Shares of Viant Technology Inc. $DSP

Punch & Associates Investment Management Inc. lifted its stake in Viant Technology Inc. (NASDAQ:DSP) by 16.4% in the 1st quarter, HoldingsChannel reports. The firm owned 1,347,163 shares of the company’s stock after buying an additional 190,248 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Viant Technology were worth $15,088,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DSP. Tudor Investment Corp ET AL lifted its holdings in Viant Technology by 39.7% in the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock worth $1,654,000 after buying an additional 54,507 shares during the period. Norwood Investment Partners LP purchased a new position in shares of Viant Technology during the 4th quarter worth approximately $1,186,000. Royce & Associates LP grew its holdings in shares of Viant Technology by 72.3% during the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after acquiring an additional 382,664 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Viant Technology during the 4th quarter worth approximately $873,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Viant Technology in the 1st quarter worth approximately $320,000. Institutional investors own 11.38% of the company’s stock.

Insider Transactions at Viant Technology

In other Viant Technology news, major shareholder Capital V. Llc sold 15,000 shares of Viant Technology stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $10.89, for a total value of $163,350.00. Following the completion of the transaction, the insider directly owned 22,500 shares of the company’s stock, valued at approximately $245,025. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Larry Madden sold 25,376 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $281,673.60. Following the completion of the transaction, the chief financial officer owned 459,155 shares in the company, valued at approximately $5,096,620.50. This represents a 5.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 200,874 shares of company stock worth $2,335,021. 29.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research note on Thursday, April 16th. B. Riley Financial upped their price target on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. DA Davidson raised their price objective on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $18.00.

Viant Technology Trading Up 2.8%

Viant Technology stock opened at $10.70 on Friday. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18. The company has a market capitalization of $701.21 million, a price-to-earnings ratio of 29.72 and a beta of 1.03. The business’s fifty day simple moving average is $11.89 and its two-hundred day simple moving average is $11.30.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. On average, equities research analysts predict that Viant Technology Inc. will post -0.18 EPS for the current year.

Viant Technology Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.