Point72 DIFC Ltd Takes $42,000 Position in Veritone, Inc. (NASDAQ:VERI)

Point72 DIFC Ltd bought a new position in Veritone, Inc. (NASDAQ:VERI) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 18,614 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds have also added to or reduced their stakes in the company. Ground Swell Capital LLC purchased a new stake in shares of Veritone during the second quarter valued at approximately $43,000. Bfsg LLC raised its holdings in Veritone by 31.6% during the 2nd quarter. Bfsg LLC now owns 20,675 shares of the company’s stock valued at $47,000 after buying an additional 4,960 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Veritone during the 2nd quarter valued at $58,000. Citizens Financial Group Inc. RI bought a new stake in Veritone in the 2nd quarter worth $62,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Veritone in the first quarter valued at about $65,000. 39.18% of the stock is owned by institutional investors.

Veritone Stock Down 0.5 %

NASDAQ VERI opened at $3.75 on Monday. The company has a debt-to-equity ratio of 9.02, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $141.68 million, a PE ratio of -1.70 and a beta of 3.29. Veritone, Inc. has a 1 year low of $1.48 and a 1 year high of $7.76. The business’s 50-day moving average is $3.11 and its 200 day moving average is $3.38.

Veritone (NASDAQ:VERI) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $30.99 million during the quarter. Veritone had a negative return on equity of 222.47% and a negative net margin of 42.56%.

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.