Veritone Inc (NASDAQ:VERI) Down Almost -17.21% In One Month, Looking Good For The Long Term

In last trading session, Veritone Inc (NASDAQ:VERI) saw 0.89 million shares changing hands with its beta currently measuring 3.02. Company’s recent per share price level of $2.05 trading at -$0.19 or -8.71% at ring of the bell on the day assigns it a market valuation of $91.69M. That closing price of VERI’s stock is at a discount of -278.54% from its 52-week high price of $7.76 and is indicating a premium of 0.98% from its 52-week low price of $2.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 656.36K 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 1.50. 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 -0.19 in the current quarter.

Veritone Inc (NASDAQ:VERI) trade information

Upright in the red during last session for losing -8.71%, in the last five days VERI remained trading in the red while hitting it’s week-highest on Monday, 03/31/25 when the stock touched $2.05 price level, adding 18.33% to its value on the day. Veritone Inc’s shares saw a change of -37.65% in year-to-date performance and have moved -19.80% in past 5-day. Veritone Inc (NASDAQ:VERI) showed a performance of -17.21% in past 30-days. Number of shares sold short was 5.16 million shares which calculate 8.65 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 41.43% 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 -70.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -70.73% for stock’s current value.

Veritone Inc (VERI) estimates and forecasts

This year revenue growth is estimated to rise 19.08% 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 24.12M for the same. And 3 analysts are in estimates of company making revenue of 28.23M in the next quarter.

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 0.82% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 37.54% while estimates for its earnings growth in next 5 years are of 26.43%.

Veritone Inc (NASDAQ:VERI)’s Major holders

Insiders are in possession of 19.13% of company’s total shares while institution are holding 25.01 percent of that, with stock having share float percentage of 30.92%. Investors also watch the number of corporate investors in a company very closely, which is 25.01% 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 6.4499 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 999.6 shares of worth $2.04 million or 2.49% of the total outstanding shares. The later fund manager was in possession of 496.93 shares on Dec 31, 2024 , making its stake of worth around $1.02 million in the company or a holder of 1.24% of company’s stock.