Veritone Inc (NASDAQ: VERI) is 3.61% higher on its value in year-to-date trading and has touched a low of $1.22 and a high of $5.64 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 $2.8 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $2.87, the stock is 70.23% and 75.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.55 million and changing 2.50% at the moment leaves the stock 10.99% off its SMA200. VERI registered -12.50% loss for a year compared to 6-month loss of 5.90%. The firm has a 50-day simple moving average (SMA 50) of $1.6364 and a 200-day simple moving average (SMA200) of $2.58585.
The stock witnessed a 120.77% gain in the last 1 month and extending the period to 3 months gives it a 37.32%, and is 92.62% 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 20.28% over the week and 11.24% over the month.
Veritone Inc (VERI) has around 487 employees, a market worth around $154.99M and $97.88M in sales. Profit margin for the company is -100.75%. Distance from 52-week low is 135.25% and -49.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-78.59%).
The EPS is expected to grow by 33.31% this year.
Veritone Inc (VERI) Top Institutional Holders
86.0 institutions hold shares in Veritone Inc (VERI), with institutional investors hold 25.11% of the company’s shares. The shares outstanding are 44.86M, and float is at 43.33M with Short Float at 14.19%. Institutions hold 20.30% of the Float.
The top institutional shareholder in the company is PRIVATE MANAGEMENT GROUP INC with over 2.44 million shares valued at $5.51 million. The investor’s holdings represent 6.4499% of the VERI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.55 million shares valued at $3.5 million to account for 4.097 of the shares outstanding. The other top investors are UBS GROUP AG which holds 0.74 million shares representing 1.9695% and valued at over $1.68 million, while BLACKROCK INC. holds 1.2649 of the shares totaling 0.48 million with a market value of $1.08 million.
Veritone Inc (VERI) Insider Activity
The most recent transaction is an insider sale by Steelberg Chad, the company’s Director. SEC filings show that Steelberg Chad sold 504,657 shares of the company’s common stock on Dec 13 ’24 at a price of $2.52 per share for a total of $1.27 million. Following the sale, the insider now owns 31861.0 shares.
