D. Boral Capital Reaffirms Buy Rating for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reissued by investment analysts at D. Boral Capital in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $23.00 target price on the stock. D. Boral Capital’s price objective points to a potential upside of 321.25% from the stock’s current price.

Several other research firms also recently commented on VERI. Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, October 8th. Needham & Company LLC began coverage on shares of Veritone in a research report on Thursday, October 23rd. They issued a “buy” rating and a $10.00 target price for the company. HC Wainwright lifted their price objective on shares of Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, D Boral Capital upgraded shares of Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Veritone Trading Up 8.3%

NASDAQ:VERI opened at $5.46 on Tuesday. The company has a market cap of $501.28 million, a P/E ratio of -8.15 and a beta of 2.04. The business has a 50 day moving average price of $5.39 and a two-hundred day moving average price of $3.40. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. Veritone has a twelve month low of $1.22 and a twelve month high of $9.42.

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

Institutional Trading of Veritone

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Veritone in the first quarter valued at about $30,000. OMERS ADMINISTRATION Corp bought a new stake in Veritone in the first quarter valued at approximately $315,000. Freedom Investment Management Inc. increased its position in Veritone by 6.3% during the 2nd quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock valued at $148,000 after purchasing an additional 6,954 shares during the period. Ground Swell Capital LLC acquired a new stake in Veritone during the 2nd quarter valued at approximately $27,000. Finally, Geode Capital Management LLC raised its holdings in Veritone by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after purchasing an additional 19,597 shares during the last quarter. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Company Profile

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.