Bayesian Capital Management LP Takes Position in Veritone, Inc. (NASDAQ:VERI)

Bayesian Capital Management LP acquired a new stake in Veritone, Inc. (NASDAQ:VERI) during the 4th quarter, Holdings Channel reports. The fund acquired 11,900 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Veritone by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 377,056 shares of the company’s stock valued at $1,237,000 after buying an additional 13,397 shares during the last quarter. Northern Trust Corp increased its position in shares of Veritone by 24.2% in the fourth quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after acquiring an additional 28,510 shares during the last quarter. XTX Topco Ltd raised its holdings in Veritone by 47.1% during the fourth quarter. XTX Topco Ltd now owns 54,264 shares of the company’s stock worth $178,000 after acquiring an additional 17,383 shares in the last quarter. Jane Street Group LLC acquired a new position in Veritone during the fourth quarter valued at approximately $130,000. Finally, Barclays PLC grew its stake in Veritone by 514.0% in the fourth quarter. Barclays PLC now owns 37,536 shares of the company’s stock valued at $124,000 after purchasing an additional 31,423 shares in the last quarter. 39.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on VERI. D. Boral Capital reissued a “buy” rating and issued a $4.50 price objective on shares of Veritone in a report on Monday, April 28th. HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of Veritone in a research report on Monday, March 17th. UBS Group dropped their target price on shares of Veritone from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Friday. Finally, LADENBURG THALM/SH SH began coverage on Veritone in a report on Monday, March 17th. They set a “buy” rating and a $6.00 price target for the company.

Veritone Price Performance

VERI stock opened at $1.81 on Friday. Veritone, Inc. has a one year low of $1.77 and a one year high of $5.64. The stock has a market cap of $80.96 million, a price-to-earnings ratio of -0.84 and a beta of 3.06. The company has a fifty day moving average price of $2.30 and a two-hundred day moving average price of $2.75.

Veritone 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.