D. Boral Capital Reiterates “Buy” Rating for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reiterated by analysts at D. Boral Capital in a report issued on Tuesday,Benzinga reports. They currently have a $23.00 price objective on the stock.

Several other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Veritone in a report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Veritone currently has an average rating of “Hold” and a consensus price target of $11.00.

Veritone Trading Down 3.8%

Veritone stock opened at $2.75 on Tuesday. Veritone has a 52 week low of $1.22 and a 52 week high of $9.42. The company has a debt-to-equity ratio of 6.77, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $252.48 million, a price-to-earnings ratio of -4.10 and a beta of 2.16. The company has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.48.

Hedge Funds Weigh In On Veritone

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of Veritone by 4.2% during the second quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock valued at $606,000 after acquiring an additional 19,597 shares during the period. Connective Capital Management LLC bought a new stake in shares of Veritone in the 2nd quarter worth about $657,000. Wesbanco Bank Inc. acquired a new stake in shares of Veritone during the 3rd quarter worth about $241,000. Vanguard Group Inc. increased its position in shares of Veritone by 63.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock worth $13,275,000 after purchasing an additional 1,065,460 shares in the last quarter. Finally, Royce & Associates LP bought a new position in Veritone during the 3rd quarter valued at about $2,603,000. 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.