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

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reaffirmed by stock analysts at D. Boral Capital in a note issued to investors on Wednesday,Benzinga reports. They presently have a $23.00 target price on the stock.

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

Veritone Stock Performance

Shares of VERI stock traded down $0.08 during mid-day trading on Wednesday, reaching $3.26. The stock had a trading volume of 701,936 shares, compared to its average volume of 2,403,904. The firm has a market cap of $298.84 million, a PE ratio of -4.86 and a beta of 2.12. 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 firm’s 50 day simple moving average is $4.59 and its 200 day simple moving average is $4.41. Veritone has a one year low of $1.22 and a one year high of $9.42.

Hedge Funds Weigh In On Veritone

Several institutional investors and hedge funds have recently made changes to their positions in VERI. State of Wyoming bought a new stake in Veritone during the fourth quarter valued at about $25,000. Ground Swell Capital LLC bought a new stake in shares of Veritone during the 2nd quarter valued at $27,000. Franklin Resources Inc. purchased a new position in shares of Veritone during the 3rd quarter valued at $50,000. Sherbrooke Park Advisers LLC bought a new position in Veritone in the 3rd quarter worth $80,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Veritone in the 3rd quarter worth $82,000. Institutional investors own 39.18% of the company’s stock.

About Veritone

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.