Veritone (NASDAQ:VERI) Given “Buy” Rating at D. Boral Capital

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

A number of other research analysts also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Veritone in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Veritone Price Performance

Shares of VERI stock opened at $2.86 on Tuesday. Veritone has a twelve month low of $1.22 and a twelve month high of $9.42. The stock has a market capitalization of $262.58 million, a price-to-earnings ratio of -4.27 and a beta of 2.16. The stock has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $4.50. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.77.

Institutional Investors Weigh In On Veritone

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in Veritone in the fourth quarter worth about $25,000. Franklin Resources Inc. purchased a new stake in shares of Veritone during the third quarter valued at about $50,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Veritone in the 3rd quarter valued at about $80,000. Jefferies Financial Group Inc. purchased a new position in shares of Veritone in the 3rd quarter worth approximately $82,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Veritone in the 4th quarter worth approximately $84,000. Institutional investors 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.