During the last session, Veritone Inc (NASDAQ:VERI)’s traded shares were 0.54 million, with the beta value of the company hitting 3.26. The 52-week high for the VERI share is $7.76, that puts it down -184.25 from that peak though still a striking 45.79% gain since the share price plummeted to a 52-week low of $1.48. The company’s market capitalization is $104.59M, and the average intraday trading volume over the past 10 days was 0.78 million shares, and the average trade volume was 745.28K shares over the past three months.
Veritone Inc (VERI) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 3.00. VERI has a Sell rating from 1 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it.
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Veritone Inc (NASDAQ:VERI) trade information
Veritone Inc (VERI) registered a -0.18% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.18% in intraday trading to $2.73, hitting a weekly high. The stock’s 5-day price performance is -10.78%, and it has moved by -19.71% in 30 days. Based on these gigs, the overall price performance for the year is 22.42%. The short interest in Veritone Inc (NASDAQ:VERI) is 5.14 million shares and it means that shorts have 4.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 22.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, VERI is trading at a discount of -28.21% off the target high and -28.21% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.51%. While earnings are projected to return 28.86% in 2024.
VERI Dividends
Veritone Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Veritone Inc (NASDAQ:VERI)’s Major holders
Veritone Inc insiders own 13.78% of total outstanding shares while institutional holders control 31.10%, with the float percentage being 36.07%. PRIVATE MANAGEMENT GROUP INC is the largest shareholder of the company, while 93.0 institutions own stock in it. As of 2024-06-30, the company held over 2.44 million shares (or 6.5295% of all shares), a total value of $5.51 million in shares.
The next largest institutional holding, with 1.55 million shares, is of VANGUARD GROUP INC’s that is approximately 4.1475% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.5 million.
Also, the Mutual Funds coming in first place with the largest holdings of Veritone Inc (VERI) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 999.6 shares. This amounts to just over 2.61 percent of the company’s overall shares, with a $2.73 million market value. The same data shows that the other fund manager holds slightly less at 496.93, or about 1.30% of the stock, which is worth about $1.36 million.
