591,429 Shares in Veritone, Inc. $VERI Bought by Themes Management Co LLC

Themes Management Co LLC purchased a new position in Veritone, Inc. (NASDAQ:VERI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 591,429 shares of the company’s stock, valued at approximately $2,750,000. Veritone makes up approximately 2.1% of Themes Management Co LLC’s investment portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royce & Associates LP bought a new position in shares of Veritone in the third quarter worth about $2,603,000. Banta Asset Management LP purchased a new stake in shares of Veritone during the fourth quarter worth about $12,268,000. Wesbanco Bank Inc. bought a new stake in Veritone during the 3rd quarter valued at approximately $241,000. Bank of America Corp DE lifted its holdings in Veritone by 195.7% in the 3rd quarter. Bank of America Corp DE now owns 37,982 shares of the company’s stock worth $183,000 after purchasing an additional 25,137 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Veritone in the 3rd quarter worth approximately $82,000. 39.18% of the stock is owned by institutional investors.

Veritone Stock Performance

Shares of VERI stock opened at $2.14 on Tuesday. The stock has a market capitalization of $198.93 million, a price-to-earnings ratio of -4.65 and a beta of 2.25. Veritone, Inc. has a 12-month low of $1.22 and a 12-month high of $9.42. The stock’s 50-day moving average price is $2.20 and its 200-day moving average price is $3.52.

Veritone (NASDAQ:VERI) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $999.00 EPS for the quarter. Veritone had a negative return on equity of 198.79% and a negative net margin of 117.88%. As a group, research analysts predict that Veritone, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Veritone in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of Veritone from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, HC Wainwright restated a “buy” rating and set a $9.00 target price on shares of Veritone in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Veritone presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Veritone Company 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.