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

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

More Veritone News

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

Analyst Ratings Changes

VERI has been the topic of a number of recent research reports. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Veritone in a research note on Monday, March 30th. UBS Group initiated coverage on shares of Veritone in a report on Monday, June 1st. They set a “neutral” rating and a $2.50 price target for the company. Weiss Ratings upgraded shares of Veritone from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Veritone from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, D. Boral Capital restated a “buy” rating and set a $8.00 target price on shares of Veritone in a research note on Wednesday, April 15th. Three equities research 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 currently has an average rating of “Hold” and an average price target of $7.38.

Veritone Stock Down 5.6%

The stock has a market cap of $124.55 million, a price-to-earnings ratio of -2.91 and a beta of 2.23. The company has a 50 day simple moving average of $1.94 and a 200 day simple moving average of $3.04.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VERI. Banta Asset Management LP acquired a new stake in shares of Veritone during the 4th quarter valued at $12,268,000. Cooper Creek Partners Management LLC acquired a new position in Veritone in the 3rd quarter worth about $11,718,000. Marshall Wace LLP increased its holdings in Veritone by 16,314.3% in the 3rd quarter. Marshall Wace LLP now owns 1,676,397 shares of the company’s stock worth $8,080,000 after purchasing an additional 1,666,184 shares in the last quarter. Vanguard Group Inc. raised its position in Veritone by 63.1% in the third quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock valued at $13,275,000 after purchasing an additional 1,065,460 shares during the last quarter. Finally, Themes Management Co LLC acquired a new stake in shares of Veritone during the fourth quarter valued at about $2,750,000. 39.18% of the stock is currently owned by institutional investors and hedge funds.

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.