Veritone, Inc. (NASDAQ:VERI) Stock Position Trimmed by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors decreased its position in Veritone, Inc. (NASDAQ:VERI) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,900 shares of the company’s stock after selling 8,250 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Veritone were worth $173,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Veritone in the third quarter valued at $27,000. Bfsg LLC acquired a new stake in shares of Veritone during the fourth quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. boosted its stake in Veritone by 200.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 18,000 shares of the company’s stock worth $33,000 after purchasing an additional 12,000 shares during the period. Vontobel Holding Ltd. grew its position in Veritone by 32.2% during the 4th quarter. Vontobel Holding Ltd. now owns 439,130 shares of the company’s stock worth $795,000 after purchasing an additional 106,890 shares in the last quarter. Finally, Private Management Group Inc. lifted its holdings in shares of Veritone by 7.3% in the fourth quarter. Private Management Group Inc. now owns 2,126,535 shares of the company’s stock valued at $3,849,000 after purchasing an additional 144,613 shares in the last quarter. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Stock Up 1.2 %

Shares of NASDAQ VERI traded up $0.03 during mid-day trading on Friday, reaching $2.51. 58,197 shares of the company traded hands, compared to its average volume of 1,649,985. The company’s fifty day moving average is $3.02 and its two-hundred day moving average is $2.86. Veritone, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $7.76. The company has a debt-to-equity ratio of 9.02, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $94.83 million, a PE ratio of -1.13 and a beta of 3.28.

Veritone (NASDAQ:VERI) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. The business had revenue of $31.64 million during the quarter, compared to analysts’ expectations of $30.70 million. Veritone had a negative net margin of 44.39% and a negative return on equity of 154.87%.

Analyst Ratings Changes

Separately, Roth Mkm upped their target price on Veritone from $1.85 to $2.25 and gave the company a “neutral” rating in a report on Thursday, March 14th.

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.