Bayesian Capital Management LP Invests $39,000 in Veritone, Inc. (NASDAQ:VERI)

Bayesian Capital Management LP bought a new stake in Veritone, Inc. (NASDAQ:VERI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,900 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC acquired a new position in Veritone during the 4th quarter worth $130,000. Northern Trust Corp boosted its holdings in 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 boosted its holdings in Veritone by 47.1% in the fourth 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 last quarter. Barclays PLC raised its holdings in Veritone by 514.0% during the 4th quarter. Barclays PLC now owns 37,536 shares of the company’s stock worth $124,000 after purchasing an additional 31,423 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 purchasing an additional 13,397 shares during the period. 39.18% of the stock is owned by institutional investors.

Veritone Trading Down 9.3 %

Shares of Veritone stock opened at $1.81 on Friday. The stock’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $2.75. The company has a market capitalization of $80.96 million, a PE ratio of -0.84 and a beta of 3.06. Veritone, Inc. has a 12 month low of $1.77 and a 12 month high of $5.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VERI shares. UBS Group dropped their price target on shares of Veritone from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday. LADENBURG THALM/SH SH initiated coverage on Veritone in a research report on Monday, March 17th. They issued a “buy” rating and a $6.00 price target on the stock. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Veritone in a report on Monday, March 17th. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $4.50 price target on shares of Veritone in a research note on Monday, April 28th.

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.