In the last trading session, 1.34 million Veritone Inc (NASDAQ:VERI) shares changed hands as the company’s beta touched 3.32. With the company’s per share price at $4.24 changed hands at $0.12 or 2.91% during last session, the market valuation stood at $161.46M. VERI’s last price was a discount, traded about -83.02% off its 52-week high of $7.76. The share price had its 52-week low at $1.48, which suggests the last value was 65.09% up since then. When we look at Veritone Inc’s average trading volume, we note the 10-day average is 1.2 million shares, with the 3-month average coming to 764.58K.
Analysts gave the Veritone Inc (VERI) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 1 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VERI as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Veritone Inc’s EPS for the current quarter is expected to be 0.
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Veritone Inc (NASDAQ:VERI) trade information
Instantly VERI was in green as seen at the end of in last trading. With action 2.17%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 134.25%, with the 5-day performance at 2.17% in the green. However, in the 30-day time frame, Veritone Inc (NASDAQ:VERI) is 24.34% up. Looking at the short shares, we see there were 5.03 million shares sold at short interest cover period of 10.2 days.
Veritone Inc (VERI) estimates and forecasts
Year-over-year growth is forecast to reach 8.10% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 31M. 1 analysts are of the opinion that Veritone Inc’s revenue for the current quarter will be 37.9M. The company’s revenue for the corresponding quarters a year ago was 29.07M and 35.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.60%. The estimates for the next quarter sales put growth at 7.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.51%.
VERI Dividends
Veritone Inc is expected to release its next quarterly earnings report in November.
Veritone Inc (NASDAQ:VERI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.85% of Veritone Inc shares while 29.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.20%. There are 29.46% institutions holding the Veritone Inc stock share, with PRIVATE MANAGEMENT GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.5295% of the shares, roughly 2.44 million VERI shares worth $5.51 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.1475% or 1.55 million shares worth $3.5 million as of 2024-06-30.
