Veritone (NASDAQ:VERI – Get Free Report) was upgraded by stock analysts at UBS Group to a “hold” rating in a report released on Monday,Zacks.com reports.
VERI has been the topic of several other research reports. D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Veritone in a report on Wednesday, April 15th. Wall Street Zen downgraded Veritone from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Veritone in a report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.38.
Get Our Latest Research Report on Veritone
Veritone Stock Down 4.1%
Veritone (NASDAQ:VERI – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The company reported $999.00 earnings per share for the quarter. Veritone had a negative return on equity of 198.79% and a negative net margin of 117.88%. On average, research analysts anticipate that Veritone will post -0.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Veritone by 63.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock worth $13,275,000 after buying an additional 1,065,460 shares during the period. Banta Asset Management LP acquired a new position in Veritone during the 4th quarter worth about $12,268,000. Cooper Creek Partners Management LLC acquired a new position in Veritone during the 3rd quarter worth about $11,718,000. Marshall Wace LLP lifted its holdings in Veritone by 16,314.3% during the 3rd quarter. Marshall Wace LLP now owns 1,676,397 shares of the company’s stock worth $8,080,000 after buying an additional 1,666,184 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Veritone by 81.4% during the 4th quarter. Geode Capital Management LLC now owns 984,749 shares of the company’s stock worth $4,581,000 after buying an additional 441,875 shares during the period. 39.18% of the stock is owned by institutional investors and hedge funds.
Key Veritone News
Here are the key news stories impacting Veritone this week:
- Neutral Sentiment: Several law firms, including Kirby McInerney, Pomerantz, Rosen, Schall, Faruqi & Faruqi, Berger Montague, and others, issued reminders about the July 20, 2026 lead-plaintiff deadline in the pending securities class action against Veritone. Article Title
- Neutral Sentiment: Additional notices confirm that a class action has been filed on behalf of investors who bought Veritone shares during the October 14, 2025 to April 14, 2026 period, extending the legal overhang around the stock. Article Title
- Negative Sentiment: The lawsuit centers on allegations that Veritone overstated financial results through questionable revenue recognition practices, which could raise the risk of further disclosures, reputational damage, and potential settlement costs. Article Title
Veritone Company 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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