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 report report published on Tuesday,Benzinga reports. They currently have a $23.00 target price on the stock.

Other analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Veritone in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $2.84 on Tuesday. The firm’s 50 day moving average is $3.88 and its two-hundred day moving average is $4.47. The firm has a market capitalization of $260.74 million, a P/E ratio of -4.24 and a beta of 2.16. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.77. Veritone has a 52 week low of $1.22 and a 52 week high of $9.42.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of Veritone in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its holdings in Veritone by 17.3% during the fourth quarter. Farther Finance Advisors LLC now owns 44,090 shares of the company’s stock worth $205,000 after buying an additional 6,500 shares in the last quarter. Vanguard Capital Wealth Advisors grew its position in Veritone by 11.0% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 71,450 shares of the company’s stock worth $332,000 after buying an additional 7,100 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Veritone by 78.3% in the fourth quarter. Franklin Resources Inc. now owns 18,325 shares of the company’s stock valued at $85,000 after buying an additional 8,045 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Veritone by 47.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 25,130 shares of the company’s stock valued at $117,000 after buying an additional 8,130 shares in the last quarter. Institutional investors own 39.18% of the company’s stock.

Veritone Company Profile

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.