3. Veritone, Inc. (NASDAQ:VERI)
Share Price as of July 5: $6.98
Number Of Hedge Fund Holders: 9
Veritone, Inc. (NASDAQ:VERI) is a leading provider of artificial intelligence technology and solutions. The company’s proprietary operating system, aiWARE, orchestrates an expanding ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence.
Earlier this April, UBS analyst Karl Keirstead initiated coverage of Veritone, Inc. (NASDAQ:VERI) with a Neutral rating and $18 price target ahead of its Q1 results. Based on the analyst’s remarks, the stock’s 2022 expected revenue multiple of 3.6-times appears “attractive” given its 25% expected growth rate, but there are risks related to the Amazon customer concentration.
Veritone, Inc. (NASDAQ:VERI) has a market cap of $251.75 million, and its revenue in the first quarter of 2022 came in at $34.41 million. There were 9 hedge funds that reported owning stakes in Veritone, Inc. (NASDAQ:VERI) at the end of the first quarter. The total value of these stakes at the end of Q1 is $24.18 million. Israel Englander’s Millennium Management is one of the firm’s most prominent shareholders.
