Veritone (NASDAQ:VERI) Trading Down 5.6% – Should You Sell?

Veritone, Inc. (NASDAQ:VERI)’s share price fell 5.6% during trading on Wednesday . The company traded as low as $1.33 and last traded at $1.34. Approximately 2,143,543 shares traded hands during trading, a decline of 10% from the average daily volume of 2,379,460 shares. The stock had previously closed at $1.42.

Key Veritone News

Here are the key news stories impacting Veritone this week:

• Positive Sentiment: Veritone announced it will be added to the Russell 2000 and Russell 3000 indexes after the June 2026 Russell reconstitution, which can bring in index-tracking buying and improve visibility among institutional investors. Article Title
• Neutral Sentiment: The company also said it launched a new AI-powered Assess tool for public sector investigations, audits, and compliance, which supports its product story but is less likely to move the stock immediately. Article Title
• Negative Sentiment: Multiple law firms issued class-action and lead-plaintiff deadline alerts after Veritone’s admission that certain prior financial statements should no longer be relied upon, keeping investor focus on accounting concerns and potential legal liability. Article Title
• Negative Sentiment: Additional deadline reminders from Faruqi & Faruqi, Frank R. Cruz, Bragar Eagel & Squire, The Gross Law Firm, Glancy Prongay, the Schall Law Firm, Pomerantz, and others reinforce the legal overhang and may pressure sentiment further. Article Title

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VERI shares. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Veritone in a report on Monday, March 30th. Weiss Ratings raised shares of Veritone from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. UBS Group assumed coverage on shares of Veritone in a research note on Monday, June 1st. They set a “neutral” rating and a $2.50 target price on the stock. Wall Street Zen cut shares of Veritone from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, D. Boral Capital reissued a “buy” rating and issued a $8.00 price target on shares of Veritone in a research note on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.38.

Veritone Price Performance

The firm has a market cap of $126.42 million, a P/E ratio of -2.96 and a beta of 2.23. The firm’s 50 day moving average is $1.92 and its 200 day moving average is $3.01.

Veritone (NASDAQ:VERI) last announced its earnings results on Wednesday, April 15th. The company reported $999.00 earnings per share for the quarter. Veritone had a negative net margin of 117.88% and a negative return on equity of 198.79%. As a group, analysts expect that Veritone, Inc. will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in shares of Veritone in the fourth quarter worth $25,000. Farther Finance Advisors LLC boosted its stake in Veritone by 17.3% in the 4th quarter. Farther Finance Advisors LLC now owns 44,090 shares of the company’s stock worth $205,000 after purchasing an additional 6,500 shares in the last quarter. Vanguard Capital Wealth Advisors grew its position in Veritone by 11.0% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 71,450 shares of the company’s stock valued at $332,000 after purchasing an additional 7,100 shares during the last quarter. Franklin Resources Inc. grew its position in Veritone by 78.3% during the 4th quarter. Franklin Resources Inc. now owns 18,325 shares of the company’s stock valued at $85,000 after purchasing an additional 8,045 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in Veritone by 47.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 25,130 shares of the company’s stock valued at $117,000 after purchasing an additional 8,130 shares in the last quarter. Hedge funds and other institutional investors own 39.18% of the company’s stock.

Veritone Company Profile

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.