LPL Financial LLC Takes Position in Veritone, Inc. (NASDAQ:VERI)

LPL Financial LLC acquired a new stake in Veritone, Inc. (NASDAQ:VERI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,549 shares of the company’s stock, valued at approximately $48,000.

Separately, Clarity Capital Partners LLC purchased a new position in Veritone in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Trading Down 0.5 %

VERI opened at $2.03 on Friday. Veritone, Inc. has a twelve month low of $1.86 and a twelve month high of $5.64. The company has a fifty day simple moving average of $2.38 and a 200 day simple moving average of $2.85. The firm has a market cap of $91.06 million, a price-to-earnings ratio of -0.94 and a beta of 3.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VERI shares. HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of Veritone in a research note on Monday, March 17th. LADENBURG THALM/SH SH began coverage on shares of Veritone in a research report on Monday, March 17th. They set a “buy” rating and a $6.00 price target for the company. Finally, D. Boral Capital reiterated a “buy” rating and set a $4.50 target price on shares of Veritone in a report on Monday.

Veritone 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.