Vanguard Capital Wealth Advisors Lowers Position in Veritone, Inc. (NASDAQ:VERI)

Vanguard Capital Wealth Advisors decreased its position in shares of Veritone, Inc. (NASDAQ:VERI) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,150 shares of the company’s stock after selling 15,118 shares during the period. Vanguard Capital Wealth Advisors owned about 0.11% of Veritone worth $74,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Veritone during the 3rd quarter worth about $27,000. L2 Asset Management LLC acquired a new stake in Veritone in the 3rd quarter valued at about $31,000. Bfsg LLC acquired a new stake in Veritone in the 4th quarter valued at about $29,000. Skandinaviska Enskilda Banken AB publ raised its position in Veritone by 48.4% in the 3rd 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Veritone by 7.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 228,265 shares of the company’s stock valued at $589,000 after purchasing an additional 16,496 shares in the last quarter. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Price Performance

Shares of NASDAQ VERI opened at $3.27 on Wednesday. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.97 and a current ratio of 0.97. Veritone, Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $7.76. The firm has a market capitalization of $123.31 million, a PE ratio of -1.52 and a beta of 2.97. The stock’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $2.68.

Veritone (NASDAQ:VERI) last issued its 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 business had revenue of $34.20 million for the quarter, compared to analyst estimates of $33.67 million. As a group, equities research analysts forecast that Veritone, Inc. will post -0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.