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

D. Boral Capital reissued their buy rating on shares of Veritone (NASDAQ:VERI) in a research note released on Tuesday morning,Benzinga reports. They currently have a $4.00 price objective on the stock.

Several other equities analysts also recently commented on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Veritone in a report on Monday, March 17th. They issued a “buy” rating and a $6.00 target price on the stock. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Veritone in a report on Monday, March 17th. Finally, UBS Group lowered their target price on shares of Veritone from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Friday, May 9th.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $2.15 on Tuesday. The company has a debt-to-equity ratio of 7.50, a current ratio of 0.99 and a quick ratio of 0.99. Veritone has a 1-year low of $1.22 and a 1-year high of $5.64. The company has a market capitalization of $102.23 million, a P/E ratio of -2.44 and a beta of 2.64. The firm’s 50 day simple moving average is $1.57 and its two-hundred day simple moving average is $2.29.

Institutional Investors Weigh In On Veritone

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in Veritone by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 377,056 shares of the company’s stock worth $1,237,000 after purchasing an additional 13,397 shares during the last quarter. Northern Trust Corp increased its position in Veritone by 24.2% during the fourth quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after acquiring an additional 28,510 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Veritone during the first quarter valued at $315,000. Vanguard Capital Wealth Advisors increased its position in Veritone by 6.5% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company’s stock valued at $247,000 after acquiring an additional 4,614 shares during the last quarter. Finally, XTX Topco Ltd increased its position in Veritone by 47.1% during the fourth quarter. XTX Topco Ltd now owns 54,264 shares of the company’s stock valued at $178,000 after acquiring an additional 17,383 shares during the last quarter. Institutional investors own 39.18% of the company’s stock.

About Veritone

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.