540,000 Shares in Veritone, Inc. $VERI Acquired by Royce & Associates LP

Key Points

• Royce & Associates LP established a new position in Veritone by buying 540,000 shares in Q3 (~$2.60M), bringing its stake to about 0.91%, while other institutions like Vanguard also significantly increased holdings and institutional ownership stands at ~39.18%.
• Analysts have a consensus rating of Moderate Buy (average target $10, based on four buys, one hold, one sell); Veritone trades near $3.04 with a market cap of ~$279M, a 52‑week range of $1.22–$9.42 and a negative P/E (~-4.54), indicating a discounted valuation.

Royce & Associates LP purchased a new position in shares of Veritone, Inc. (NASDAQ:VERI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 540,000 shares of the company's stock, valued at approximately $2,603,000. Royce & Associates LP owned approximately 0.91% of Veritone as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Veritone by 63.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company's stock worth $13,275,000 after purchasing an additional 1,065,460 shares during the last quarter. Connective Capital Management LLC acquired a new stake in Veritone in the second quarter valued at $657,000. Wesbanco Bank Inc. acquired a new stake in Veritone in the third quarter valued at $241,000. Finally, Geode Capital Management LLC lifted its holdings in Veritone by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company's stock worth $606,000 after buying an additional 19,597 shares during the last quarter. 39.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VERI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Veritone in a report on Wednesday, January 21st. D. Boral Capital reaffirmed a "buy" rating and issued a $23.00 price target on shares of Veritone in a report on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of Veritone in a report on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.00.

Veritone Trading Up 3.8%

VERI opened at $3.04 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. Veritone, Inc. has a 52 week low of $1.22 and a 52 week high of $9.42. The business's 50 day moving average is $3.79 and its two-hundred day moving average is $4.45. The firm has a market cap of $279.10 million, a price-to-earnings ratio of -4.54 and a beta of 2.16.

Veritone Profile

Veritone, Inc NASDAQ: VERI is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.

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