Veritone (NASDAQ:VERI) Given “Buy” Rating at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of Veritone (NASDAQ:VERI) in a research note published on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock.

A number of other analysts have also recently commented on the stock. HC Wainwright upped their target price on shares of Veritone from $6.00 to $9.00 and gave the company a “buy” rating in a report on Monday, October 20th. D Boral Capital raised shares of Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. Wall Street Zen raised shares of Veritone from a “sell” rating to a “hold” rating in a report on Sunday. Needham & Company LLC began coverage on shares of Veritone in a report on Thursday, October 23rd. They set a “buy” rating and a $10.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Veritone currently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Veritone Stock Down 8.6%

Shares of VERI stock opened at $6.67 on Tuesday. Veritone has a 12 month low of $1.22 and a 12 month high of $9.42. The stock has a market cap of $394.66 million, a P/E ratio of -8.04 and a beta of 3.23. 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 has a 50 day simple moving average of $4.60 and a two-hundred day simple moving average of $2.85.

Hedge Funds Weigh In On Veritone

A number of hedge funds have recently modified their holdings of VERI. Ground Swell Capital LLC bought a new position in shares of Veritone in the second quarter worth approximately $27,000. Virtu Financial LLC bought a new position in shares of Veritone in the first quarter worth approximately $30,000. Capital Advisors Inc. OK bought a new position in shares of Veritone in the first quarter worth approximately $70,000. NBZ Investment Advisors LLC purchased a new position in shares of Veritone in the first quarter worth $86,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Veritone in the first quarter worth $102,000. 39.18% of the stock is currently owned by 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.