In the last trading session, 2.0 million Veritone Inc (NASDAQ:VERI) shares changed hands as the company’s beta touched 3.32. With the company’s per share price at $2.85 changed hands at -$0.89 or -23.93% during last session, the market valuation stood at $108.34M. VERI’s last price was a discount, traded about -172.28% 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 48.07% up since then. When we look at Veritone Inc’s average trading volume, we note the 10-day average is 0.62 million shares, with the 3-month average coming to 857.32K.
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 red as seen at the end of in last trading. With action -14.05%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 57.18%, with the 5-day performance at -14.05% in the red. However, in the 30-day time frame, Veritone Inc (NASDAQ:VERI) is -32.90% down. Looking at the short shares, we see there were 5.22 million shares sold at short interest cover period of 6.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 18.57% from its current market value. According to analyst projections, VERI’s forecast low is 3.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a -22.81% plunge from its current level, while the stock would need to soar -22.81% for it to hit the projected low.
Veritone Inc (VERI) estimates and forecasts
Year-over-year growth is forecast to reach -8.90% down 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 30.54M. 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 -13.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.51%. The 2024 estimates are for Veritone Inc earnings to increase by 36.66%.
VERI Dividends
Veritone Inc is expected to release its next quarterly earnings report in December.
Veritone Inc (NASDAQ:VERI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.84% of Veritone Inc shares while 31.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.20%. There are 31.19% 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.
