Vanguard Capital Wealth Advisors Lowers Stock Position in Veritone, Inc. (NASDAQ:VERI)

Vanguard Capital Wealth Advisors cut its holdings in Veritone, Inc. (NASDAQ:VERI) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,900 shares of the company’s stock after selling 8,250 shares during the quarter. Vanguard Capital Wealth Advisors owned approximately 0.09% of Veritone worth $173,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Private Management Group Inc. increased its stake in Veritone by 7.3% during the 4th quarter. Private Management Group Inc. now owns 2,126,535 shares of the company’s stock valued at $3,849,000 after purchasing an additional 144,613 shares in the last quarter. Vontobel Holding Ltd. grew its position in Veritone by 32.2% during the fourth quarter. Vontobel Holding Ltd. now owns 439,130 shares of the company’s stock valued at $795,000 after buying an additional 106,890 shares during the period. Bfsg LLC bought a new stake in Veritone during the fourth quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. increased its holdings in Veritone by 200.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 18,000 shares of the company’s stock valued at $33,000 after buying an additional 12,000 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Veritone in the third quarter worth approximately $27,000. 39.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm boosted their price target on Veritone from $1.85 to $2.25 and gave the company a “neutral” rating in a report on Thursday, March 14th.

Veritone Price Performance

NASDAQ VERI traded up $0.03 on Friday, reaching $2.51. The company had a trading volume of 58,197 shares, compared to its average volume of 1,649,985. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 9.02. Veritone, Inc. has a 12 month low of $1.48 and a 12 month high of $7.76. The firm’s 50 day moving average price is $3.02 and its 200 day moving average price is $2.86. The stock has a market capitalization of $94.83 million, a PE ratio of -1.13 and a beta of 3.28.

Veritone (NASDAQ:VERI) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.01. Veritone had a negative return on equity of 154.87% and a negative net margin of 44.39%. The company had revenue of $31.64 million during the quarter, compared to analyst estimates of $30.70 million.

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.