Ground Swell Capital LLC Takes Position in Veritone, Inc. (NASDAQ:VERI)

Ground Swell Capital LLC acquired a new stake in shares of Veritone, Inc. (NASDAQ:VERI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,232 shares of the company’s stock, valued at approximately $43,000. Ground Swell Capital LLC owned approximately 0.05% of Veritone at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in Veritone by 200.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 18,000 shares of the company’s stock valued at $33,000 after buying an additional 12,000 shares in the last quarter. Bfsg LLC lifted its stake in Veritone by 31.6% in the 2nd quarter. Bfsg LLC now owns 20,675 shares of the company’s stock valued at $47,000 after purchasing an additional 4,960 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Veritone in the second quarter valued at approximately $58,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Veritone during the first quarter worth $65,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Veritone during the first quarter worth $88,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Trading Up 3.6 %

NASDAQ VERI opened at $3.00 on Wednesday. The company has a market cap of $114.05 million, a price-to-earnings ratio of -1.36 and a beta of 3.29. Veritone, Inc. has a twelve month low of $1.48 and a twelve month high of $7.76. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 9.02. The business’s fifty day moving average is $2.92 and its 200 day moving average is $3.24.

Veritone (NASDAQ:VERI) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.24) earnings per share (EPS) for the quarter. Veritone had a negative net margin of 42.56% and a negative return on equity of 222.47%. The business had revenue of $30.99 million during the quarter.

About Veritone

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.