Veritone’s (VERI) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital restated their buy rating on shares of Veritone (NASDAQ:VERI) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $23.00 price target on the stock.

Several other analysts have also recently weighed in on VERI. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Veritone in a research report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Veritone has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Veritone Trading Up 3.8%

NASDAQ VERI opened at $3.04 on Tuesday. The company has a market cap of $279.10 million, a price-to-earnings ratio of -4.54 and a beta of 2.16. Veritone has a twelve month low of $1.22 and a twelve month high of $9.42. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. The business’s fifty day moving average is $3.79 and its 200 day moving average is $4.45.

Institutional Trading of Veritone

Several institutional investors have recently added to or reduced their stakes in VERI. State of Wyoming acquired a new stake in Veritone during the 4th quarter valued at approximately $25,000. Franklin Resources Inc. bought a new stake in shares of Veritone in the 3rd quarter valued at $50,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Veritone during the third quarter worth $80,000. Jefferies Financial Group Inc. bought a new position in Veritone during the third quarter worth $82,000. Finally, EntryPoint Capital LLC acquired a new position in Veritone in the fourth quarter valued at $84,000. 39.18% of the stock is currently owned by institutional investors.

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.