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

D. Boral Capital reiterated their buy rating on shares of Veritone (NASDAQ:VERI) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $23.00 target price on the stock.

A number of other research analysts have also weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Veritone in a research note on Tuesday, December 2nd. HC Wainwright lifted their price objective on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. D Boral Capital upgraded Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated 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 assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Veritone has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Veritone Trading Up 2.0%

Shares of VERI opened at $5.65 on Tuesday. Veritone has a 52-week low of $1.22 and a 52-week high of $9.42. The stock has a market cap of $518.73 million, a PE ratio of -8.43 and a beta of 2.04. The firm’s fifty day moving average is $5.43 and its two-hundred day moving average is $3.52. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77.

Veritone (NASDAQ:VERI) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. The firm had revenue of $29.12 million for the quarter, compared to the consensus estimate of $28.69 million. Veritone had a negative net margin of 42.60% and a negative return on equity of 361.72%.

Hedge Funds Weigh In On Veritone

Several large investors have recently modified their holdings of the business. Ground Swell Capital LLC acquired a new stake in shares of Veritone during the 2nd quarter worth about $27,000. Virtu Financial LLC purchased a new position in Veritone during the first quarter worth about $30,000. Franklin Resources Inc. acquired a new stake in shares of Veritone during the third quarter valued at about $50,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Veritone during the third quarter valued at about $80,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Veritone in the 3rd quarter valued at approximately $82,000. Institutional investors and hedge funds 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.