GSA Capital Partners LLP Raises Position in Veritone, Inc. (NASDAQ:VERI)

GSA Capital Partners LLP increased its position in shares of Veritone, Inc. (NASDAQ:VERI) by 559.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,614 shares of the company’s stock after purchasing an additional 92,150 shares during the period. GSA Capital Partners LLP owned approximately 0.29% of Veritone worth $390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new position in shares of Veritone during the 1st quarter worth approximately $88,000. Point72 DIFC Ltd acquired a new stake in Veritone in the second quarter valued at $42,000. Ground Swell Capital LLC purchased a new stake in shares of Veritone during the 2nd quarter worth $43,000. Bfsg LLC grew its stake in shares of Veritone by 31.6% during the 2nd quarter. Bfsg LLC now owns 20,675 shares of the company’s stock worth $47,000 after purchasing an additional 4,960 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of Veritone in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Price Performance

Shares of NASDAQ VERI opened at $2.72 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 9.02. The stock has a market cap of $103.82 million, a price-to-earnings ratio of -1.26 and a beta of 3.33. The company’s 50-day moving average price is $3.63 and its 200 day moving average price is $3.15. Veritone, Inc. has a 52 week low of $1.48 and a 52 week high of $7.76.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Veritone from a “sell” rating to a “neutral” rating and set a $3.50 price objective on the stock in a report on Wednesday, October 30th.

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.