In last trading session, Veritone Inc (NASDAQ:VERI) saw 0.54 million shares changing hands with its beta currently measuring 3.17. Company’s recent per share price level of $2.96 trading at $0.03 or 1.02% at ring of the bell on the day assigns it a market valuation of $132.00M. That closing price of VERI’s stock is at a discount of -162.16% from its 52-week high price of $7.76 and is indicating a premium of 50.0% from its 52-week low price of $1.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.16 million shares which gives us an average trading volume of 1.10 million if we extend that period to 3-months.
For Veritone Inc (VERI), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.15 in the current quarter.
Veritone Inc (NASDAQ:VERI) trade information
Upright in the green during last session for gaining 1.02%, in the last five days VERI remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $2.96 price level, adding 22.92% to its value on the day. Veritone Inc’s shares saw a change of -9.76% in year-to-date performance and have moved -7.50% in past 5-day. Veritone Inc (NASDAQ:VERI) showed a performance of 11.70% in past 30-days. Number of shares sold short was 5.14 million shares which calculate 4.98 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 15.43% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 3.5. It follows that stock’s current price would drop -18.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -18.24% for stock’s current value.
Veritone Inc (VERI) estimates and forecasts
This year revenue growth is estimated to fall -16.19% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 22.29M for the same. And 1 analysts are in estimates of company making revenue of 26.62M in the next quarter. Company posted 34.65M and 31.64M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.51% during past 5 years.
Veritone Inc (NASDAQ:VERI)’s Major holders
Insiders are in possession of 13.78% of company’s total shares while institution are holding 31.10 percent of that, with stock having share float percentage of 36.07%. Investors also watch the number of corporate investors in a company very closely, which is 31.10% institutions for Veritone Inc that are currently holding shares of the company. PRIVATE MANAGEMENT GROUP INC is the top institutional holder at VERI for having 2.44 million shares of worth $5.51 million. And as of 2024-06-30, it was holding 6.5295 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.55 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1475 of outstanding shares, having a total worth of $3.5 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 999.6 shares of worth $2.96 million or 2.49% of the total outstanding shares. The later fund manager was in possession of 496.93 shares on Sep 30, 2024 , making its stake of worth around $1.47 million in the company or a holder of 1.24% of company’s stock.
