Skandinaviska Enskilda Banken AB publ Acquires New Position in Veritone, Inc. (NASDAQ:VERI)

Skandinaviska Enskilda Banken AB publ acquired a new stake in Veritone, Inc. (NASDAQ:VERI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,082 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds have also recently added to or reduced their stakes in VERI. Charles Schwab Investment Management Inc. acquired a new stake in Veritone in the fourth quarter valued at about $66,000. LPL Financial LLC acquired a new stake in shares of Veritone during the 4th quarter valued at approximately $48,000. Geode Capital Management LLC lifted its position in shares of Veritone by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 377,056 shares of the company’s stock valued at $1,237,000 after acquiring an additional 13,397 shares during the period. Barclays PLC lifted its position in shares of Veritone by 514.0% during the 4th quarter. Barclays PLC now owns 37,536 shares of the company’s stock valued at $124,000 after acquiring an additional 31,423 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Veritone by 47.1% during the 4th quarter. XTX Topco Ltd now owns 54,264 shares of the company’s stock valued at $178,000 after acquiring an additional 17,383 shares during the period. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Price Performance

VERI stock opened at $2.09 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 7.50. The firm has a 50 day moving average of $1.69 and a 200-day moving average of $2.24. Veritone, Inc. has a 12-month low of $1.22 and a 12-month high of $5.64. The company has a market cap of $99.38 million, a price-to-earnings ratio of -2.38 and a beta of 2.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. D. Boral Capital reiterated a “buy” rating and set a $4.00 price target on shares of Veritone in a research report on Tuesday, July 15th. UBS Group reduced their price target on shares of Veritone from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Friday, May 9th.

About Veritone

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.