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Veritone Inc (VERI) Analysis & Opinions from Experts

Veritone Inc (NASDAQ: VERI) is 233.70% higher on its value in year-to-date trading and has touched a low of $1.48 and a high of $6.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VERI stock was last observed hovering at around $5.36 in the last trading session, with the day’s gains setting it 0.68%.

Currently trading at $6.04, the stock is 71.23% and 133.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing 12.69% at the moment leaves the stock 119.56% off its SMA200. VERI registered 12.48% gain for a year compared to 6-month loss of 134.11%. The firm has a 50-day simple moving average (SMA 50) of $2.11 and a 200-day simple moving average (SMA200) of -$7.74.

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The stock witnessed a 168.44% gain in the last 1 month and extending the period to 3 months gives it a 233.70%, and is 20.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 23.57% over the week and 27.12% over the month.

Veritone Inc (VERI) has around 696 employees, a market worth around $224.27M and $127.56M in sales. Profit margin for the company is -45.96%. Distance from 52-week low is 308.11% and -13.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.88%).

Veritone Inc quarterly earnings per share for the current quarter are estimated at -$0.21 with sales reaching $30.71M over the same period.The EPS is expected to grow by 64.85% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 3.10% in year-over-year returns.

Veritone Inc (VERI) Top Institutional Holders

95 institutions hold shares in Veritone Inc (VERI), with institutional investors hold 43.56% of the company’s shares. The shares outstanding are 37.19M, and float is at 32.65M with Short Float at 18.97%. Institutions hold 37.17% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 2.46 million shares valued at $9.64 million. The investor’s holdings represent 6.65% of the VERI Shares outstanding. As of Jun 29, 2023, the second largest holder is Banta Asset Management, LP with 2.34 million shares valued at $9.18 million to account for 6.33% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.04 million shares representing 5.51% and valued at over $8.0 million, while Private Management Group, Inc. holds 4.52% of the shares totaling 1.67 million with a market value of $6.55 million.

Veritone Inc (VERI) Insider Activity

The most recent transaction is an insider purchase by Steelberg Ryan,the company’sPresident and CEO. SEC filings show that Steelberg Ryan bought 49,752 shares of the company’s common stock on Nov 17 ’23 at a price of $2.05 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.22 million shares.

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