Veritone, Inc. (NASDAQ:VERI) Position Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in Veritone, Inc. (NASDAQ:VERI – Get Rating) by 481.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,732 shares of the company’s stock after buying an additional 17,992 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Veritone worth $122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Group AG raised its position in shares of Veritone by 69.2% during the third quarter. UBS Group AG now owns 110,900 shares of the company’s stock worth $625,000 after purchasing an additional 45,355 shares during the period. Private Management Group Inc. raised its holdings in Veritone by 128.8% during the 3rd quarter. Private Management Group Inc. now owns 739,160 shares of the company’s stock worth $4,161,000 after buying an additional 416,160 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Veritone during the third quarter valued at about $3,197,000. SG Americas Securities LLC acquired a new position in shares of Veritone in the third quarter worth about $58,000. Finally, Handelsbanken Fonder AB increased its position in shares of Veritone by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 1,518,653 shares of the company’s stock worth $8,550,000 after acquiring an additional 28,654 shares in the last quarter. Institutional investors and hedge funds own 44.30% of the company’s stock.

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Veritone Stock Performance

Shares of VERI opened at $7.15 on Friday. The business’s 50-day moving average is $7.10 and its 200-day moving average is $6.84. Veritone, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $20.25. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.77.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and issued a $11.00 price target on shares of Veritone in a research report on Wednesday, February 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.33.

About Veritone

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Veritone, Inc engages in the provision of artificial intelligence (AI) computing solutions to media and entertainment, government, and legal and compliance industries. It operates through the following segments: Advertising, aiWARE SaaS Solutions, and aiWARE Content Licensing and Media Services. The Advertising segment places advertisements for clients, primarily with radio broadcasters, podcasters and digital media producers.

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