Kestra Advisory Services LLC Invests $27,000 in Veritone, Inc. (NASDAQ:VERI)

Kestra Advisory Services LLC is a financial services firm that provides investment management and advisory services to individuals and businesses. The company has recently invested $27,000 in Veritone, Inc., a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol NASDAQVERI.

Veritone, Inc. is a leading provider of artificial intelligence (AI) solutions for the media and entertainment industry. The company's AI-powered platform enables broadcasters, content creators, and advertisers to analyze and monetize their audio and video content across multiple channels and devices.

The investment by Kestra Advisory Services LLC in Veritone, Inc. is likely seen as a strategic move to gain exposure to the rapidly growing AI market in the media and entertainment industry. The company's AI-powered platform has shown significant growth potential, with revenue increasing from $1.4 million in 2017 to $35.6 million in 2020.

The investment by Kestra Advisory Services LLC is also likely seen as a vote of confidence in Veritone, Inc.'s ability to continue its growth trajectory and deliver value to its shareholders. The company's strong financial performance, including its ability to generate positive cash flow, has made it an attractive investment opportunity for companies like Kestra Advisory Services LLC.

Overall, the investment by Kestra Advisory Services LLC in Veritone, Inc. is likely seen as a strategic move to gain exposure to the rapidly growing AI market in the media and entertainment industry, and a vote of confidence in the company's ability to continue its growth trajectory.