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

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reaffirmed by equities researchers at D. Boral Capital in a report issued on Wednesday,Benzinga reports.

A number of other research firms have also recently commented on VERI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Veritone from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, D Boral Capital raised Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Veritone currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Veritone Trading Down 3.8%

Shares of VERI stock traded down $0.25 during trading hours on Wednesday, reaching $6.25. 7,794,081 shares of the stock were exchanged, compared to its average volume of 2,635,374. Veritone has a 12-month low of $1.22 and a 12-month high of $9.42. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 89.57. The company’s 50-day moving average price is $4.01 and its 200-day moving average price is $2.61. The firm has a market capitalization of $369.81 million, a price-to-earnings ratio of -7.53 and a beta of 3.23.

Institutional Investors Weigh In On Veritone

Several hedge funds have recently made changes to their positions in the company. Freedom Investment Management Inc. lifted its holdings in shares of Veritone by 6.3% in the 2nd quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock worth $148,000 after buying an additional 6,954 shares during the period. Virtu Financial LLC purchased a new stake in shares of Veritone in the 1st quarter worth $30,000. Geode Capital Management LLC lifted its holdings in shares of Veritone by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after buying an additional 19,597 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of Veritone in the 2nd quarter worth $27,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Veritone in the 1st quarter worth $70,000. 39.18% of the stock is currently owned by hedge funds and other institutional investors.

Veritone Company 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.