OMERS ADMINISTRATION Corp Purchases Shares of 135,600 Veritone, Inc. $VERI

Key Points

• OMERS ADMINISTRATION Corp has acquired a new position in Veritone, Inc., purchasing 135,600 shares valued at approximately $315,000 during the 1st quarter, now holding about 0.30% of the company.
• Several other institutional investors, including Vanguard Capital Wealth Advisors and Squarepoint Ops LLC, have also adjusted their stakes in Veritone, indicating growing interest among hedge funds.
• Analysts have mixed sentiments on Veritone, with a target price ranging from $2.00 to $6.00, reflecting varying opinions on the stock's potential performance.

OMERS ADMINISTRATION Corp bought a new stake in shares of Veritone, Inc. (NASDAQ:VERI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 135,600 shares of the company's stock, valued at approximately $315,000. OMERS ADMINISTRATION Corp owned approximately 0.30% of Veritone as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in VERI. Virtu Financial LLC purchased a new position in Veritone in the first quarter worth about $30,000. NBZ Investment Advisors LLC bought a new stake in shares of Veritone in the 1st quarter worth $86,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Veritone in the first quarter worth $102,000. Capital Advisors Inc. OK bought a new position in shares of Veritone during the first quarter valued at $70,000. Finally, Vanguard Capital Wealth Advisors boosted its position in shares of Veritone by 6.5% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company's stock valued at $247,000 after buying an additional 4,614 shares during the last quarter. Institutional investors own 39.18% of the company's stock.

Analyst Ratings Changes

VERI has been the subject of several research analyst reports. D. Boral Capital reiterated a "buy" rating and issued a $6.00 price objective on shares of Veritone in a report on Tuesday. UBS Group dropped their price target on shares of Veritone from $3.50 to $2.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, D Boral Capital upgraded shares of Veritone to a "strong-buy" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $5.00.

Veritone Stock Down 3.6%

VERI stock traded down $0.10 on Friday, hitting $2.66. The company had a trading volume of 1,515,949 shares, compared to its average volume of 2,778,366. Veritone, Inc. has a 12-month low of $1.22 and a 12-month high of $5.64. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 89.57. The stock's 50-day simple moving average is $2.29 and its 200 day simple moving average is $2.15.

Veritone Company Profile

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.