Following A 34.93% Weekly Incline, Is It Still A Buy For Veritone Inc (NASDAQ: VERI)?

Veritone Inc (NASDAQ:VERI)’s traded shares stood at 1.32 million during the latest session, with the company’s beta value hitting 3.25. At the last check today, the stock’s price was $2.95, to imply an increase of 16.80% or $0.42 in intraday trading. The VERI share’s 52-week high remains $7.76, putting it -163.05% down since that peak but still an impressive 49.83% since price per share fell to its 52-week low of $1.48. The company has a valuation of $113.21M, with an average of 1.01 million shares in intraday trading volume over the past 10 days and average of 848.61K shares over the past 3 months.

Analysts have given a consensus recommendation of Sell for Veritone Inc (VERI), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 1 analyst(s) give VERI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy.

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Veritone Inc (NASDAQ:VERI) trade information

After registering a 16.80% upside in the latest session, Veritone Inc (VERI) has traded red over the past five days. The 5-day price performance for the stock is 34.93%, and 7.45% over 30 days. With these gigs, the year-to-date price performance is 63.26%. Short interest in Veritone Inc (NASDAQ:VERI) saw shorts transact 5.14 million shares and set a 4.98 days time to cover.

The extremes give us $3.5 and $3.5 for target low and target high price respectively. As such, VERI has been trading -18.64% off suggested target high and -18.64% from its likely low.

VERI Dividends

Veritone Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Veritone Inc (NASDAQ:VERI)’s Major holders

Veritone Inc insiders hold 13.78% of total outstanding shares, with institutional holders owning 31.10% of the shares at 36.07% float percentage. In total, 31.10% institutions holds shares in the company, led by PRIVATE MANAGEMENT GROUP INC. As of 2024-06-30, the company held over 2.44 million shares (or 6.5295% of shares), all amounting to roughly $5.51 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.55 million shares, or about 4.1475% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.5 million.