Veritone (NASDAQ:VERI) Trading Down 5.6% – Time to Sell?

Veritone, Inc. (NASDAQ:VERI) shares dropped 5.6% during mid-day trading on Wednesday . The company traded as low as $1.33 and last traded at $1.34. Approximately 2,143,543 shares traded hands during trading, a decline of 10% from the average session volume of 2,379,460 shares. The stock had previously closed at $1.42.

Veritone News Roundup

Here are the key news stories impacting Veritone this week:

• Negative Sentiment: Multiple law firms, including Hagens Berman, Rosen, Levi & Korsinsky, Bernstein Liebhard, Pomerantz, Portnoy, SueWallSt, and The Gross Law Firm, announced or promoted securities class actions against Veritone related to the same October 14, 2025 to April 14, 2026 class period, increasing legal overhang and uncertainty for shareholders. Article Title
• Negative Sentiment: The lawsuits center on Veritone’s disclosure that some previously issued financial statements should not be relied upon, which raises concerns about accounting controls and the reliability of past reported results. Article Title
• Neutral Sentiment: Veritone said it will host its 2026 Innovation Showcase virtually on July 7, 2026, which could be a small near-term catalyst if the company uses the event to outline product momentum or business updates. Article Title

Analysts Set New Price Targets

Several analysts recently commented on VERI shares. UBS Group assumed coverage on Veritone in a research note on Monday, June 1st. They set a “neutral” rating and a $2.50 price objective on the stock. Wall Street Zen lowered shares of Veritone from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of Veritone from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Veritone in a report on Monday, March 30th. Finally, D. Boral Capital reissued a “buy” rating and issued a $8.00 price target on shares of Veritone in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.38.

Veritone Price Performance

The business’s 50-day moving average is $1.94 and its two-hundred day moving average is $3.04. The firm has a market cap of $124.55 million, a P/E ratio of -2.91 and a beta of 2.23.

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

Hedge Funds Weigh In On Veritone

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in Veritone during the 4th quarter worth approximately $25,000. Franklin Resources Inc. acquired a new stake in shares of Veritone during the third quarter worth $50,000. SummitTX Capital L.P. bought a new stake in shares of Veritone in the first quarter valued at about $26,000. Sherbrooke Park Advisers LLC bought a new position in Veritone during the third quarter worth about $80,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Veritone in the 3rd quarter worth about $82,000. 39.18% of the stock is currently owned by institutional investors and hedge funds.

About Veritone

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.