Wall Street Zen Downgrades Veritone (NASDAQ:VERI) to Sell

Veritone (NASDAQ:VERI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other research analysts also recently issued reports about the stock. D Boral Capital raised shares of Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, October 8th. Finally, D. Boral Capital reissued a “buy” rating on shares of Veritone in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Veritone has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Veritone Trading Down 3.8%

NASDAQ VERI opened at $6.25 on Friday. The company has a debt-to-equity ratio of 89.57, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s fifty day moving average price is $4.08 and its 200 day moving average price is $2.64. The company has a market capitalization of $369.81 million, a price-to-earnings ratio of -7.53 and a beta of 3.23. Veritone has a 12 month low of $1.22 and a 12 month high of $9.42.

Institutional Trading of Veritone

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Veritone in the 1st quarter worth $30,000. Ground Swell Capital LLC acquired a new stake in shares of Veritone in the 2nd quarter worth $27,000. Capital Advisors Inc. OK acquired a new stake in shares of Veritone in the 1st quarter worth $70,000. NBZ Investment Advisors LLC acquired a new stake in shares of Veritone in the 1st quarter worth $86,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Veritone in the 1st quarter worth $102,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Company Profile

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.