Veritone, Inc. (NASDAQ:VERI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Veritone, Inc. (NASDAQ:VERI) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.00.

Several research analysts recently weighed in on VERI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Veritone in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Veritone in a research note on Wednesday, February 11th.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $2.82 on Tuesday. The stock has a market cap of $258.90 million, a price-to-earnings ratio of -4.21 and a beta of 2.12. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.31 and a quick ratio of 1.31. Veritone has a 12 month low of $1.22 and a 12 month high of $9.42. The stock’s 50 day moving average price is $3.96 and its 200 day moving average price is $4.45.

Institutional Investors Weigh In On Veritone

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new position in shares of Veritone in the 4th quarter worth $25,000. Franklin Resources Inc. acquired a new position in shares of Veritone in the 3rd quarter valued at $50,000. Sherbrooke Park Advisers LLC purchased a new position in Veritone in the 3rd quarter worth about $80,000. Jefferies Financial Group Inc. acquired a new stake in Veritone during the 3rd quarter worth about $82,000. Finally, EntryPoint Capital LLC purchased a new stake in Veritone during the fourth quarter valued at about $84,000. Institutional investors and hedge funds 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.