Two Sigma Investments LP purchased a new position in shares of Veritone Inc (NASDAQ:VERI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,776 shares of the company’s stock, valued at approximately $575,000. Two Sigma Investments LP owned 0.16% of Veritone as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of VERI. Northern Trust Corp purchased a new position in Veritone during the second quarter worth approximately $269,000. Vanguard Group Inc. purchased a new position in Veritone during the second quarter worth approximately $132,000. Bank of New York Mellon Corp purchased a new position in Veritone during the third quarter worth approximately $666,000. SG Americas Securities LLC purchased a new position in Veritone during the third quarter worth approximately $132,000. Finally, Wells Fargo & Company MN purchased a new position in Veritone during the third quarter worth approximately $489,000. 9.90% of the stock is currently owned by institutional investors.
In other Veritone news, CFO Peter F. Collins bought 10,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $14.16 per share, with a total value of $141,600.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director G Louis Graziadio III bought 12,400 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $181,040.00. Following the purchase, the director now owns 83,349 shares in the company, valued at approximately $1,216,895.40. The disclosure for this purchase can be found here.
Veritone (NASDAQ:VERI) last issued its earnings results on Monday, February 26th. The company reported ($0.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.24). Veritone had a negative net margin of 413.52% and a negative return on equity of 158.62%. The business had revenue of $3.49 million during the quarter, compared to analysts’ expectations of $4.41 million. During the same period in the prior year, the business posted ($4.12) EPS. The business’s revenue was up 75.4% on a year-over-year basis. sell-side analysts forecast that Veritone Inc will post -2.92 earnings per share for the current year.
A number of research firms have weighed in on VERI. 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. 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. BidaskClub downgraded shares of Veritone from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Finally, Craig Hallum reissued a “buy” rating and issued a $23.00 target price (down previously from $31.00) on shares of Veritone in a research note on Tuesday, February 27th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.33.
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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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