Veritone (NASDAQ:VERI) Earns “Buy” Rating from D. Boral Capital

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

Several other equities research analysts have also weighed in on VERI. Wall Street Zen upgraded shares of Veritone from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Veritone in a research report on Tuesday, December 2nd. HC Wainwright lifted their target price on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Veritone Trading Down 4.3%

Shares of NASDAQ VERI opened at $3.12 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. The stock has a market capitalization of $286.45 million, a P/E ratio of -4.66 and a beta of 2.12. Veritone has a 52-week low of $1.22 and a 52-week high of $9.42. The stock’s 50 day moving average price is $4.50 and its two-hundred day moving average price is $4.40.

Institutional Trading of Veritone

A number of hedge funds have recently made changes to their positions in the stock. Connective Capital Management LLC purchased a new stake in Veritone in the 2nd quarter worth approximately $657,000. Freedom Investment Management Inc. grew its holdings in shares of Veritone by 6.3% during the 2nd quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock valued at $148,000 after acquiring an additional 6,954 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Veritone in the second quarter worth $27,000. Themes Management Co LLC purchased a new stake in shares of Veritone during the fourth quarter worth $2,750,000. Finally, Jefferies Financial Group Inc. raised its holdings in shares of Veritone by 47.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 25,130 shares of the company’s stock worth $117,000 after acquiring an additional 8,130 shares in the last quarter. 39.18% of the stock is owned by hedge funds and other institutional investors.

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.