D. Boral Capital Has Lowered Expectations for Veritone (NASDAQ:VERI) Stock Price

Veritone (NASDAQ:VERI) had its target price decreased by D. Boral Capital from $25.00 to $23.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. D. Boral Capital’s price objective suggests a potential upside of 302.80% from the company’s current price.

A number of other equities research analysts have also recently commented on VERI. Needham & Company LLC assumed coverage on shares of Veritone in a report on Thursday, October 23rd. They issued a “buy” rating and a $10.00 price target on the stock. Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, October 8th. D Boral Capital raised Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, HC Wainwright increased their price target on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.00.

Veritone Stock Performance

NASDAQ VERI opened at $5.71 on Friday. The company has a market capitalization of $337.86 million, a PE ratio of -8.52 and a beta of 3.29. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89. Veritone has a 52-week low of $1.22 and a 52-week high of $9.42. The company has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $3.08.

Institutional Trading of Veritone

A number of hedge funds and other institutional investors have recently made changes to their positions in VERI. Virtu Financial LLC purchased a new stake in Veritone during the 1st quarter worth about $30,000. Ground Swell Capital LLC bought a new stake in shares of Veritone during the second quarter valued at about $27,000. NBZ Investment Advisors LLC bought a new stake in shares of Veritone during the first quarter valued at about $86,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Veritone in the first quarter worth about $102,000. Finally, Wesbanco Bank Inc. bought a new position in shares of Veritone in the third quarter valued at approximately $241,000. 39.18% of the stock is currently owned by 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.