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

Veritone, Inc. (NASDAQ:VERI) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.00.

A number of brokerages have weighed in on VERI. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. D. Boral Capital restated a “buy” rating and issued a $23.00 price objective on shares of Veritone in a research report on Wednesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Veritone in a research report on Tuesday, December 2nd.

Veritone Trading Down 2.1%

Veritone stock opened at $2.77 on Tuesday. The company has a debt-to-equity ratio of 6.77, a quick ratio of 1.31 and a current ratio of 1.31. Veritone has a fifty-two week low of $1.22 and a fifty-two week high of $9.42. The stock has a market cap of $254.31 million, a P/E ratio of -4.13 and a beta of 2.12. The firm’s fifty day moving average price is $4.13 and its 200-day moving average price is $4.47.

Institutional Trading of Veritone

Hedge funds have recently made changes to their positions in the stock. State of Wyoming purchased a new position in Veritone in the fourth quarter worth $25,000. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 6,500 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of Veritone by 6.3% in 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 in the last quarter. Vanguard Capital Wealth Advisors boosted its holdings in shares of Veritone by 11.0% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 71,450 shares of the company’s stock worth $332,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Veritone by 78.3% during the 4th quarter. Franklin Resources Inc. now owns 18,325 shares of the company’s stock valued at $85,000 after purchasing an additional 8,045 shares during the last quarter. 39.18% of the stock is owned by institutional investors.

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.