Viant Technology Inc. (NASDAQ:DSP – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 653,500 shares, a growth of 10.8% from the August 15th total of 589,800 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily volume of 118,700 shares, the short-interest ratio is currently 5.5 days.
Viant Technology Stock Performance
DSP traded up $0.15 on Wednesday, hitting $10.77. 47,634 shares of the company were exchanged, compared to its average volume of 128,948. The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $9.97. The stock has a market capitalization of $683.84 million, a PE ratio of -88.83 and a beta of 0.74. Viant Technology has a 12 month low of $4.98 and a 12 month high of $12.36.
Viant Technology (NASDAQ:DSP – Get Free Report) last issued its earnings results 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). Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. The firm had revenue of $41.56 million during the quarter, compared to the consensus estimate of $41.10 million. On average, equities analysts expect that Viant Technology will post -0.37 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Report on Viant Technology
Hedge Funds Weigh In On Viant Technology
A number of hedge funds have recently modified their holdings of DSP. Algert Global LLC purchased a new stake in Viant Technology in the 2nd quarter worth approximately $128,000. Mackenzie Financial Corp purchased a new stake in Viant Technology in the second quarter worth $112,000. AQR Capital Management LLC purchased a new stake in Viant Technology in the second quarter worth $236,000. Squarepoint Ops LLC boosted its holdings in Viant Technology by 42.8% in the second quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock valued at $721,000 after acquiring an additional 21,888 shares in the last quarter. Finally, XTX Topco Ltd increased its position in Viant Technology by 55.1% during the 2nd quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock valued at $207,000 after purchasing an additional 7,437 shares during the period. Hedge funds and other institutional investors own 11.38% of the company’s stock.
About Viant Technology
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.
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