Veritone Inc (NASDAQ:VERI) Director G Louis Graziadio III bought 12,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of $14.60 per share, for a total transaction of $181,040.00. Following the transaction, the director now owns 83,349 shares of the company’s stock, valued at approximately $1,216,895.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of VERI stock traded up $0.46 during mid-day trading on Friday, reaching $15.78. The company’s stock had a trading volume of 428,594 shares, compared to its average volume of 221,791. Veritone Inc has a 12-month low of $7.76 and a 12-month high of $74.92. The company has a market cap of $256.00 and a PE ratio of -3.44.
Veritone (NASDAQ:VERI) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.24). Veritone had a negative return on equity of 158.62% and a negative net margin of 413.52%. The firm had revenue of $3.49 million for the quarter, compared to analysts’ expectations of $4.41 million. During the same period last year, the firm earned ($4.12) EPS. The business’s quarterly revenue was up 75.4% on a year-over-year basis. equities analysts forecast that Veritone Inc will post -2.92 earnings per share for the current fiscal year.
A number of research firms have weighed in on VERI. Craig Hallum reaffirmed a “buy” rating and set a $23.00 price target (down previously from $31.00) on shares of Veritone in a research note on Tuesday, February 27th. B. Riley cut their price target on shares of Veritone from $15.00 to $10.00 and set a “sell” rating on the stock in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Veritone from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Roth Capital cut their price target on shares of Veritone from $62.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. Finally, BidaskClub downgraded shares of Veritone from a “sell” rating to a “strong sell” rating in a research note on Sunday, February 4th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.33.
A number of institutional investors have recently added to or reduced their stakes in VERI. Allianz Asset Management GmbH purchased a new stake in Veritone during the 4th quarter worth $2,207,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Veritone during the 4th quarter worth $2,091,000. BlackRock Inc. grew its holdings in Veritone by 19.4% during the 4th quarter. BlackRock Inc. now owns 217,379 shares of the company’s stock worth $5,043,000 after acquiring an additional 35,384 shares in the last quarter. Two Sigma Investments LP acquired a new position in Veritone during the 4th quarter worth $575,000. Finally, Jane Street Group LLC acquired a new position in Veritone during the 3rd quarter worth $1,107,000. 9.90% of the stock is currently owned by hedge funds and other institutional investors.
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Veritone Company Profile
Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
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