Veritone, Inc. (NASDAQ:VERI) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of Veritone, Inc. (NASDAQ:VERI) by 32.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439,130 shares of the company’s stock after buying an additional 106,890 shares during the quarter. Vontobel Holding Ltd.’s holdings in Veritone were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VERI. Banta Asset Management LP increased its position in shares of Veritone by 7.4% in the 3rd quarter. Banta Asset Management LP now owns 2,513,431 shares of the company’s stock valued at $6,485,000 after purchasing an additional 172,675 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Veritone by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,490,780 shares of the company’s stock valued at $6,426,000 after purchasing an additional 30,385 shares during the last quarter. BlackRock Inc. increased its position in shares of Veritone by 5.5% in the 1st quarter. BlackRock Inc. now owns 2,105,237 shares of the company’s stock valued at $12,274,000 after purchasing an additional 109,006 shares during the last quarter. Private Management Group Inc. increased its position in shares of Veritone by 18.6% in the 3rd quarter. Private Management Group Inc. now owns 1,981,922 shares of the company’s stock valued at $5,113,000 after purchasing an additional 311,293 shares during the last quarter. Finally, State Street Corp increased its position in shares of Veritone by 1.5% in the 1st quarter. State Street Corp now owns 965,865 shares of the company’s stock valued at $5,631,000 after purchasing an additional 14,220 shares during the last quarter. 39.18% of the stock is currently owned by institutional investors and hedge funds.

Veritone Stock Down 4.9 %

NASDAQ VERI opened at $3.66 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 3.53. The firm’s fifty day moving average price is $3.66 and its 200 day moving average price is $2.62. Veritone, Inc. has a 12 month low of $1.48 and a 12 month high of $7.76.

Veritone (NASDAQ:VERI) last posted its earnings results on Tuesday, March 12th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.05. The firm had revenue of $34.20 million for the quarter, compared to the consensus estimate of $33.67 million. Veritone had a negative net margin of 42.97% and a negative return on equity of 120.37%. Sell-side analysts anticipate that Veritone, Inc. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on VERI. Roth Capital raised shares of Veritone from a “sell” rating to a “neutral” rating in a research report on Thursday, February 1st. Roth Mkm increased their target price on shares of Veritone from $1.85 to $2.25 and gave the company a “neutral” rating in a research report on Thursday, March 14th.

Veritone Profile

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.