In the last trading session, 1.07 million shares of the Veritone Inc (NASDAQ:VERI) were traded, and its beta was 3.32. Most recently the company’s share price was $3.70, and it changed around -$0.15 or -3.90% from the last close, which brings the market valuation of the company to $140.90M. VERI currently trades at a discount to its 52-week high of $7.76, offering almost -109.73% off that amount. The share price’s 52-week low was $1.48, which indicates that the current value has risen by an impressive 60.0% since then. We note from Veritone Inc’s average daily trading volume that its 10-day average is 0.97 million shares, with the 3-month average coming to 835.30K.
Veritone Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VERI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Veritone Inc is expected to report earnings per share of 0 for the current quarter.
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Veritone Inc (NASDAQ:VERI) trade information
Instantly VERI has showed a red trend with a performance of -3.90% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.15 on recent trading dayincreased the stock’s daily price by 10.84%. The company’s shares are currently up 104.42% year-to-date, but still down -12.74% over the last five days. On the other hand, Veritone Inc (NASDAQ:VERI) is 3.06% up in the 30-day period. We can see from the shorts that 5.22 million shares have been sold at a short interest cover period of 6.2 day(s).
Veritone Inc (VERI) estimates and forecasts
The year-over-year growth rate is expected to be 8.10%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 31M in revenue for the current quarter. 1 analysts expect Veritone Inc to make 37.9M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 29.07M and 35.13M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.60%. Forecasts for the next quarter put sales growth at 7.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.51%.
VERI Dividends
Veritone Inc’s next quarterly earnings report is expected to be released in November.
Veritone Inc (NASDAQ:VERI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.85% of Veritone Inc shares, and 29.57% of them are in the hands of institutional investors. The stock currently has a share float of 34.32%. Veritone Inc stock is held by 96.0 institutions, with PRIVATE MANAGEMENT GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.5295% of the shares, which is about 2.44 million shares worth $5.51 million.
VANGUARD GROUP INC, with 4.1475% or 1.55 million shares worth $3.5 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
