G Louis Graziadio III Sells 982 Shares of Veritone, Inc. (NASDAQ:VERI) Stock

Veritone, Inc. (NASDAQ:VERI) Director G Louis Graziadio III sold 982 shares of the stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $36.40, for a total value of $35,744.80. Following the sale, the director now directly owns 134,283 shares of the company’s stock, valued at $4,887,901.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NASDAQ VERI opened at $37.82 on Thursday. The company has a market cap of $1.05 billion, a PE ratio of -17.59 and a beta of 2.13. Veritone, Inc. has a 12 month low of $1.22 and a 12 month high of $38.84. The stock has a 50 day moving average of $28.35 and a 200-day moving average of $15.24.

Veritone (NASDAQ:VERI) last released its quarterly earnings data on Monday, November 9th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. The company had revenue of $15.72 million during the quarter, compared to the consensus estimate of $14.39 million. Veritone had a negative return on equity of 118.65% and a negative net margin of 106.21%. As a group, equities analysts predict that Veritone, Inc. will post -1.72 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Veritone in the 3rd quarter valued at approximately $2,966,000. GSA Capital Partners LLP acquired a new stake in Veritone during the 3rd quarter valued at $248,000. California Public Employees Retirement System lifted its holdings in Veritone by 4.5% during the 3rd quarter. California Public Employees Retirement System now owns 48,600 shares of the company’s stock valued at $445,000 after purchasing an additional 2,100 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Veritone during the 3rd quarter valued at $204,000. Finally, Bank of New York Mellon Corp acquired a new stake in Veritone during the 2nd quarter valued at $1,097,000. 24.54% of the stock is owned by institutional investors.

A number of research firms recently issued reports on VERI. BidaskClub raised Veritone from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 29th. Roth Capital raised their price target on shares of Veritone from $20.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 21st. Stifel Nicolaus initiated coverage on shares of Veritone in a research note on Monday, December 21st. They set a “hold” rating and a $25.00 price target for the company. ValuEngine raised shares of Veritone from a “hold” rating to a “buy” rating in a research note on Friday, November 13th. Finally, Zacks Investment Research raised shares of Veritone from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Saturday, September 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.71.

Veritone Company Profile

Veritone, Inc provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that integrates and orchestrates a range of cognitive engines to reveal multivariate insights from structured and unstructured data, as well as to conduct cognitive workflows based on these insights.

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