In last trading session, Veritone Inc (NASDAQ:VERI) saw 0.75 million shares changing hands with its beta currently measuring 3.43. Company’s recent per share price level of $2.85 trading at -$0.09 or -3.40% at ring of the bell on the day assigns it a market valuation of $126.87M. That closing price of VERI’s stock is at a discount of -172.28% from its 52-week high price of $7.76 and is indicating a premium of 42.11% from its 52-week low price of $1.65.
For Veritone Inc (VERI), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 1.67. 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 -0.22 in the current quarter.
Veritone Inc (NASDAQ:VERI) trade information
Upright in the red during last session for losing -3.40%, in the last five days VERI remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $2.85 price level, adding 24.6% to its value on the day. Veritone Inc’s shares saw a change of -13.26% in year-to-date performance and have moved -23.83% in past 5-day. Veritone Inc (NASDAQ:VERI) showed a performance of -10.53% in past 30-days.
Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 18.57% 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 -22.81% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.81% for stock’s current value.
Veritone Inc (VERI) estimates and forecasts
This year revenue growth is estimated to fall -15.70% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 22.91M for the same. And 3 analysts are in estimates of company making revenue of 27.11M 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. In 2025, company’s earnings growth rate is likely to be around 22.16% while estimates for its earnings growth in next 5 years are of 51.75%.
Veritone Inc (NASDAQ:VERI)’s Major holders
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 6.4499 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 $2.84 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 $1.41 million in the company or a holder of 1.24% of company’s stock.
