Private Management Group Inc. Has $3.04 Million Stake in Veritone, Inc. $VERI

Private Management Group Inc. trimmed its stake in Veritone, Inc. (NASDAQ:VERI) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,414,195 shares of the company’s stock after selling 13,184 shares during the quarter. Private Management Group Inc. owned 5.08% of Veritone worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new position in Veritone in the 1st quarter valued at approximately $315,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Veritone during the 1st quarter valued at $102,000. NBZ Investment Advisors LLC acquired a new position in shares of Veritone in the first quarter worth $86,000. Ground Swell Capital LLC purchased a new stake in shares of Veritone during the second quarter worth $27,000. Finally, Geode Capital Management LLC raised its holdings in shares of Veritone by 4.2% during the second quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after acquiring an additional 19,597 shares in the last quarter. 39.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VERI shares. HC Wainwright upped their target price on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. D Boral Capital upgraded shares of Veritone to a “strong-buy” rating in a research note on Tuesday, September 2nd. Needham & Company LLC started coverage on shares of Veritone in a research note on Thursday, October 23rd. They set a “buy” rating and a $10.00 price target on the stock. D. Boral Capital reduced their price objective on shares of Veritone from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Veritone from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Veritone Price Performance

Shares of Veritone stock opened at $3.96 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.77. The firm has a fifty day simple moving average of $5.44 and a 200-day simple moving average of $3.25. The stock has a market capitalization of $363.57 million, a price-to-earnings ratio of -5.91 and a beta of 3.29. Veritone, Inc. has a 1-year low of $1.22 and a 1-year high of $9.42.

Veritone (NASDAQ:VERI) last announced its earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Veritone had a negative net margin of 42.60% and a negative return on equity of 361.72%. The firm had revenue of $29.12 million for the quarter, compared to the consensus estimate of $28.69 million. Veritone has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS.

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.