In the last trading session, 1.65 million shares of the Veritone Inc (NASDAQ:VERI) were traded, and its beta was 3.24. Most recently the company’s share price was $2.65, and it changed around $0.02 or 0.76% from the last close, which brings the market valuation of the company to $103.09M. VERI currently trades at a discount to its 52-week high of $7.76, offering almost -192.83% off that amount. The share price’s 52-week low was $1.48, which indicates that the current value has risen by an impressive 44.15% since then. We note from Veritone Inc’s average daily trading volume that its 10-day average is 0.59 million shares, with the 3-month average coming to 762.99K.
Veritone Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended VERI as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
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Veritone Inc (NASDAQ:VERI) trade information
Instantly VERI has showed a green trend with a performance of 0.76% at the end of last trading. The rise to weekly highs of 2.87 on recent trading dayincreased the stock’s daily price by 7.67%. On the other hand, Veritone Inc (NASDAQ:VERI) is -27.60% down in the 30-day period. We can see from the shorts that 5.14 million shares have been sold at a short interest cover period of 4.98 day(s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 24.29% from its current value. Analyst projections state that VERI is forecast to be at a low of $3.5 and a high of $3.5.
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 January.
Veritone Inc (NASDAQ:VERI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.78% of Veritone Inc shares, and 31.10% of them are in the hands of institutional investors. The stock currently has a share float of 36.07%. Veritone Inc stock is held by 93.0 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.
