Veritone’s (VERI) Buy Rating Reiterated at D. Boral Capital

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

A number of other equities research analysts also recently weighed in on VERI. HC Wainwright boosted their target price on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen upgraded Veritone from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Veritone in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Veritone has an average rating of “Moderate Buy” and an average price target of $10.00.

Veritone Stock Performance

Shares of Veritone stock opened at $3.19 on Wednesday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $292.87 million, a P/E ratio of -4.76 and a beta of 2.12. The firm has a 50 day simple moving average of $4.46 and a 200 day simple moving average of $4.40. Veritone has a fifty-two week low of $1.22 and a fifty-two week high of $9.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banta Asset Management LP bought a new position in shares of Veritone during the fourth quarter worth $12,268,000. Cooper Creek Partners Management LLC bought a new stake in shares of Veritone in the 3rd quarter valued at $11,718,000. Marshall Wace LLP raised its stake in Veritone by 16,314.3% during the 3rd quarter. Marshall Wace LLP now owns 1,676,397 shares of the company’s stock worth $8,080,000 after buying an additional 1,666,184 shares during the period. Vanguard Group Inc. lifted its holdings in Veritone by 63.1% during the third quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock worth $13,275,000 after acquiring an additional 1,065,460 shares in the last quarter. Finally, Themes Management Co LLC bought a new position in Veritone during the fourth quarter worth about $2,750,000. Institutional investors 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.