Veritone’s (VERI) “Buy” Rating Reaffirmed at D. Boral Capital

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reaffirmed by equities research analysts at D. Boral Capital in a report released on Wednesday,Benzinga reports. They currently have a $23.00 price target on the stock.

VERI has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Veritone in a research report on Tuesday, December 2nd. Wall Street Zen upgraded Veritone from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, HC Wainwright increased their target price on shares of Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Veritone Stock Down 2.3%

Shares of VERI traded down $0.08 during midday trading on Wednesday, hitting $3.26. 701,936 shares of the company’s stock traded hands, compared to its average volume of 2,403,904. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.77. The stock has a market capitalization of $298.84 million, a price-to-earnings ratio of -4.86 and a beta of 2.12. Veritone has a 1 year low of $1.22 and a 1 year high of $9.42. The firm’s fifty day moving average is $4.59 and its 200-day moving average is $4.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VERI. Connective Capital Management LLC bought a new stake in shares of Veritone in the second quarter worth $657,000. Freedom Investment Management Inc. grew its position in shares of Veritone by 6.3% during the 2nd quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock worth $148,000 after purchasing an additional 6,954 shares in the last quarter. LPL Financial LLC increased its position in shares of Veritone by 55.9% in the fourth quarter. LPL Financial LLC now owns 45,938 shares of the company’s stock worth $214,000 after purchasing an additional 16,481 shares during the period. Virtu Financial LLC bought a new position in shares of Veritone in the 3rd quarter valued at $484,000. Finally, Geode Capital Management LLC increased its holdings in shares of Veritone by 4.2% during the second quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after buying an additional 19,597 shares in the last quarter. 39.18% of the stock is owned by institutional investors and hedge funds.

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.