Renaissance Technologies LLC bought a new stake in Veritone, Inc. (NASDAQ:VERI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 358,900 shares of the company's stock, valued at approximately $811,000. Renaissance Technologies LLC owned 0.95% of Veritone as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Veritone in the first quarter valued at about $65,000. State Board of Administration of Florida Retirement System bought a new stake in Veritone in the first quarter valued at about $88,000. Ground Swell Capital LLC bought a new stake in Veritone in the second quarter valued at about $43,000. Bfsg LLC grew its stake in Veritone by 31.6% in the second quarter. Bfsg LLC now owns 20,675 shares of the company's stock valued at $47,000 after acquiring an additional 4,960 shares during the period. Finally, Summit Securities Group LLC acquired a new position in Veritone in the second quarter valued at about $58,000. 39.18% of the stock is owned by institutional investors and hedge funds.
Veritone Trading Up 12.3 %
NASDAQ:VERI traded up $0.46 on Tuesday, reaching $4.19. The company's stock had a trading volume of 1,290,984 shares, compared to its average volume of 1,313,879. Veritone, Inc. has a 1-year low of $1.48 and a 1-year high of $7.76. The company has a debt-to-equity ratio of 9.02, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $159.56 million, a PE ratio of -1.90 and a beta of 3.30. The business's 50-day moving average price is $3.19 and its two-hundred day moving average price is $3.38.
Veritone (NASDAQ:VERI - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.24) earnings per share (EPS) for the quarter. Veritone had a negative net margin of 42.56% and a negative return on equity of 222.47%. The business had revenue of $30.99 million during the quarter.
About Veritone
(
Free Report)
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.
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