Themes Management Co LLC acquired a new stake in shares of Veritone, Inc. (NASDAQ:VERI – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 591,429 shares of the company’s stock, valued at approximately $2,750,000. Veritone comprises 2.1% of Themes Management Co LLC’s portfolio, making the stock its 8th biggest holding. Themes Management Co LLC owned 0.64% of Veritone at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in shares of Veritone during the 3rd quarter valued at about $50,000. Sherbrooke Park Advisers LLC bought a new position in shares of Veritone in the 3rd quarter worth approximately $80,000. Jefferies Financial Group Inc. bought a new position in shares of Veritone in the 3rd quarter worth approximately $82,000. Thompson Davis & CO. Inc. purchased a new position in shares of Veritone in the fourth quarter worth approximately $95,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Veritone by 398.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 30,122 shares of the company’s stock worth $145,000 after buying an additional 24,084 shares during the last quarter. Institutional investors own 39.18% of the company’s stock.
Veritone Price Performance
NASDAQ VERI opened at $2.14 on Tuesday. Veritone, Inc. has a 52 week low of $1.22 and a 52 week high of $9.42. The company has a market capitalization of $198.93 million, a P/E ratio of -4.65 and a beta of 2.25. The stock’s 50-day moving average price is $2.20 and its 200-day moving average price is $3.52.
Analyst Ratings Changes
Several brokerages recently issued reports on VERI. Wall Street Zen lowered shares of Veritone from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. D. Boral Capital reiterated a “buy” rating and set a $8.00 price target on shares of Veritone in a research note on Wednesday, April 15th. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Veritone in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Veritone presently has a consensus rating of “Moderate Buy” and an average target price of $9.00.
Get Our Latest Stock Report on VERI
Veritone Profile
Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.
Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.
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