Veritone, Inc. (NASDAQ:VERI) Given Average Recommendation of “Hold” by Analysts

Veritone, Inc. (NASDAQ:VERIGet Rating) has received a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.40.

A number of equities research analysts have recently issued reports on VERI shares. Zacks Investment Research lowered Veritone from a “hold” rating to a “sell” rating in a research report on Saturday, March 12th. Bank of America assumed coverage on Veritone in a research report on Wednesday, February 9th. They issued a “buy” rating and a $22.00 price objective for the company. Northland Securities lowered their price objective on Veritone from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Stifel Nicolaus lowered their price objective on Veritone from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, March 4th. Finally, UBS Group assumed coverage on Veritone in a research report on Tuesday, April 12th. They issued a “neutral” rating and a $18.00 price objective for the company.

In other news, Director G Louis Graziadio III purchased 9,000 shares of the stock in a transaction dated Friday, March 11th. The stock was acquired at an average cost of $15.76 per share, for a total transaction of $141,840.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 11,500 shares of company stock valued at $179,715. Company insiders own 28.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VERI. Benjamin F. Edwards & Company Inc. raised its stake in shares of Veritone by 150.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the company’s stock valued at $56,000 after acquiring an additional 1,500 shares in the last quarter. Private Capital Group LLC acquired a new stake in Veritone in the first quarter valued at $64,000. Macquarie Group Ltd. acquired a new stake in Veritone in the third quarter valued at $69,000. Manchester Capital Management LLC purchased a new position in shares of Veritone during the fourth quarter worth about $70,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Veritone during the fourth quarter worth about $87,000. Institutional investors and hedge funds own 51.00% of the company’s stock.

Shares of VERI stock traded up $0.37 during trading hours on Monday, reaching $13.99. The company had a trading volume of 552 shares, compared to its average volume of 400,681. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a fifty day moving average of $16.69 and a 200-day moving average of $20.78. The company has a market capitalization of $490.49 million, a price-to-earnings ratio of -6.49 and a beta of 3.04. Veritone has a 12-month low of $13.06 and a 12-month high of $37.14.

Veritone Company Profile (Get Rating)

Veritone, Inc, together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, object detection and recognition, logo recognition, sentiment analysis, text keyword/topic analysis, audio/video fingerprinting, geolocation, visual moderation, and optical character recognition to reveal valuable insights from vast amounts of structured and unstructured data.

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Analyst Recommendations for Veritone (NASDAQ:VERI)

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