Veritone (NASDAQ:VERI) Downgraded by Wall Street Zen to “Sell”

Veritone (NASDAQ:VERI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

VERI has been the subject of several other reports. 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. D. Boral Capital reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Veritone in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.00.

Veritone Trading Down 0.7%

Shares of NASDAQ:VERI opened at $2.71 on Friday. Veritone has a 12-month low of $1.22 and a 12-month high of $9.42. The business has a 50 day moving average of $3.37 and a 200-day moving average of $4.47. 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 cap of $248.81 million, a PE ratio of -4.04 and a beta of 2.16.

Institutional Investors Weigh In On Veritone

Large investors have recently modified their holdings of the business. State of Wyoming bought a new position in shares of Veritone in the 4th quarter valued at $25,000. Franklin Resources Inc. bought a new stake in shares of Veritone during the 3rd quarter worth $50,000. Sherbrooke Park Advisers LLC acquired a new stake in Veritone in the third quarter valued at about $80,000. Jefferies Financial Group Inc. acquired a new stake in Veritone in the third quarter valued at about $82,000. Finally, EntryPoint Capital LLC bought a new position in Veritone in the fourth quarter valued at about $84,000. Institutional investors and hedge funds 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.