Veritone, Inc. (NASDAQ:VERI) Receives Consensus Rating of “Moderate Buy” from Analysts

Veritone, Inc. (NASDAQ:VERI) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.00.

VERI has been the topic of a number of research analyst reports. Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. HC Wainwright raised their price objective on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. D. Boral Capital reissued a “buy” rating and set a $23.00 target price on shares of Veritone in a report on Tuesday, December 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Veritone in a research report on Tuesday, December 2nd.

Hedge Funds Weigh In On Veritone

Several institutional investors have recently made changes to their positions in VERI. Freedom Investment Management Inc. raised its position 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 worth $148,000 after purchasing an additional 6,954 shares during the period. Ground Swell Capital LLC acquired a new stake in Veritone in the second quarter worth $27,000. Geode Capital Management LLC lifted its stake in Veritone by 4.2% in the second quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock valued at $606,000 after buying an additional 19,597 shares during the last quarter. Connective Capital Management LLC bought a new stake in Veritone in the second quarter valued at $657,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Veritone during the third quarter valued at $241,000. 39.18% of the stock is owned by institutional investors.

Veritone Price Performance

Shares of VERI stock opened at $3.52 on Friday. The firm has a fifty day moving average of $4.73 and a two-hundred day moving average of $4.32. The firm has a market cap of $323.17 million, a P/E ratio of -5.25 and a beta of 2.03. Veritone has a 1-year low of $1.22 and a 1-year high of $9.42. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.31 and a quick ratio of 1.31.

Veritone (NASDAQ:VERI) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $29.12 million for the quarter, compared to analysts’ expectations of $28.69 million. Veritone had a negative net margin of 42.60% and a negative return on equity of 361.72%.

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.