Is Viant Technology (DSP) A Good Stock To Buy Now?

Wasatch Micro Cap Fund recently released its Q2 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 3.11% for the quarter, underperforming its benchmark, the Russell Microcap Index which returned 4.14% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Viant Technology Inc. (NASDAQ:DSP) is one of them. Viant Technology Inc. (NASDAQ:DSP) is a software company. In the last three months, Viant Technology Inc. (NASDAQ:DSP) stock lost 57%. Here is what the fund said:

“Viant Technology, Inc. (DSP) exited the Fund in response to deterioration in our fundamental outlook. The company offers advertising software that uses people-based identifiers to reduce the need for third-party tracking cookies. Viant stands to benefit as web browsers eliminate cookies in response to regulatory and privacy concerns. However, our due diligence lowered our confidence that Viant’s solution would be significantly differentiated from other firms with similar offerings.”

Earlier this month, we published an article revealing that Baron Discovery Fund’s bullish investment thesis on Viant Technology Inc. (NASDAQ:DSP) stock.

Our calculations showed that Viant Technology Inc. (NASDAQ:DSP) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.