16,275 Shares in Veritone, Inc. (NASDAQ:VERI) Acquired by Bfsg LLC

Bfsg LLC bought a new position in shares of Veritone, Inc. (NASDAQ:VERI) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,275 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in the company. Private Management Group Inc. increased its stake in 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 during the last quarter. Vontobel Holding Ltd. increased its stake in Veritone by 32.2% in the fourth quarter. Vontobel Holding Ltd. now owns 439,130 shares of the company’s stock valued at $795,000 after purchasing an additional 106,890 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Veritone in the third quarter valued at approximately $27,000. Skandinaviska Enskilda Banken AB publ increased its stake in Veritone by 48.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 27,534 shares of the company’s stock valued at $71,000 after purchasing an additional 8,986 shares during the last quarter. Finally, L2 Asset Management LLC purchased a new position in Veritone in the third quarter valued at approximately $31,000. 39.18% of the stock is currently owned by hedge funds and other institutional investors.

Veritone Price Performance

Shares of NASDAQ VERI opened at $3.51 on Friday. 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 stock has a fifty day moving average price of $3.76 and a 200 day moving average price of $2.65. Veritone, Inc. has a 1-year low of $1.48 and a 1-year high of $7.76.

Veritone (NASDAQ:VERI) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.05. Veritone had a negative return on equity of 120.37% and a negative net margin of 42.97%. The firm had revenue of $34.20 million during the quarter, compared to the consensus estimate of $33.67 million. On average, research analysts anticipate that Veritone, Inc. will post -0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Capital upgraded shares of Veritone from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Roth Mkm raised their target price on shares of Veritone from $1.85 to $2.25 and gave the stock 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.