D. Boral Capital Reiterates “Buy” Rating for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating restated by analysts at D. Boral Capital in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $4.00 price target on the stock. D. Boral Capital’s price objective points to a potential upside of 40.85% from the company’s current price.

Separately, UBS Group dropped their target price on Veritone from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th.

Veritone Stock Up 22.9%

Shares of NASDAQ VERI opened at $2.84 on Friday. Veritone has a 1 year low of $1.22 and a 1 year high of $5.64. The firm has a market cap of $135.05 million, a price-to-earnings ratio of -3.42 and a beta of 2.81. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $2.22.

Institutional Trading of Veritone

A number of hedge funds and other institutional investors have recently modified their holdings of VERI. Geode Capital Management LLC increased its holdings in Veritone by 4.2% in the second quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock valued at $606,000 after buying an additional 19,597 shares during the last quarter. Northern Trust Corp increased its holdings in Veritone by 24.2% in the fourth quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after buying an additional 28,510 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Veritone in the first quarter valued at about $315,000. Freedom Investment Management Inc. increased its holdings in Veritone by 6.3% in the second quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock valued at $148,000 after buying an additional 6,954 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors increased its holdings in Veritone by 6.5% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company’s stock valued at $247,000 after buying an additional 4,614 shares during the last quarter. 39.18% of the stock is owned by hedge funds and other institutional investors.

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.