Goldman Sachs Group Inc. Reduces Holdings in Veritone, Inc. $VERI

Goldman Sachs Group Inc. decreased its position in Veritone, Inc. (NASDAQ:VERI) by 21.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,021 shares of the company’s stock after selling 18,806 shares during the period. Goldman Sachs Group Inc. owned 0.15% of Veritone worth $160,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VERI. OMERS ADMINISTRATION Corp purchased a new stake in shares of Veritone in the 1st quarter valued at approximately $315,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Veritone in the 1st quarter valued at approximately $102,000. Jane Street Group LLC purchased a new stake in shares of Veritone in the 4th quarter valued at approximately $130,000. NBZ Investment Advisors LLC purchased a new stake in shares of Veritone in the 1st quarter valued at approximately $86,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Veritone in the 1st quarter valued at approximately $70,000. Hedge funds and other institutional investors own 39.18% of the company’s stock.

Veritone Stock Performance

Shares of VERI stock opened at $4.78 on Tuesday. The stock’s 50-day moving average is $3.18 and its two-hundred day moving average is $2.35. The firm has a market cap of $282.83 million, a price-to-earnings ratio of -5.76 and a beta of 3.04. Veritone, Inc. has a 1 year low of $1.22 and a 1 year high of $6.43. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89.

Analysts Set New Price Targets

VERI has been the subject of several analyst reports. D. Boral Capital reissued a “buy” rating and issued a $6.00 price target on shares of Veritone in a research note on Tuesday, September 2nd. D Boral Capital raised shares of Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of Veritone from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $5.00.

Veritone Company 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.