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

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reissued by research analysts at D. Boral Capital in a research note issued to investors on Friday,Benzinga reports. They currently have a $23.00 target price on the stock.

Several other analysts also recently issued reports on VERI. Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Veritone in a report on Tuesday, December 2nd. Finally, HC Wainwright upped their price target on shares of Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Veritone Trading Up 1.4%

Veritone stock opened at $3.57 on Friday. Veritone has a 1 year low of $1.22 and a 1 year high of $9.42. The firm’s 50-day moving average is $4.72 and its 200-day moving average is $4.36. The company has a debt-to-equity ratio of 6.77, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $327.76 million, a P/E ratio of -5.33 and a beta of 2.03.

Veritone (NASDAQ:VERI) last released its quarterly earnings data 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. Veritone had a negative net margin of 42.60% and a negative return on equity of 361.72%. The firm had revenue of $29.12 million for the quarter, compared to analyst estimates of $28.69 million.

Institutional Investors Weigh In On Veritone

Institutional investors have recently bought and sold shares of the stock. Connective Capital Management LLC acquired a new position in Veritone during the 2nd quarter valued at about $657,000. Freedom Investment Management Inc. lifted its stake 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 acquiring an additional 6,954 shares during the period. Ground Swell Capital LLC bought a new position in shares of Veritone in the second quarter valued at approximately $27,000. XTX Topco Ltd acquired a new position in shares of Veritone during the third quarter valued at approximately $702,000. Finally, Two Sigma Investments LP bought a new stake in Veritone during the third quarter worth approximately $2,233,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

About Veritone

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.