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

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

A number of other equities research analysts have also weighed in on VERI. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Veritone in a report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.00.

Veritone Stock Down 0.7%

Shares of NASDAQ:VERI opened at $2.73 on Tuesday. Veritone has a fifty-two week low of $1.22 and a fifty-two week 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 firm’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $4.47. The company has a market cap of $250.64 million, a price-to-earnings ratio of -4.07 and a beta of 2.16.

Institutional Trading of Veritone

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