Veritone (NASDAQ:VERI) Stock Rating Lowered by Wall Street Zen

Veritone (NASDAQ:VERI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Veritone in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $23.00 target price on shares of Veritone in a report on Tuesday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.00.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $2.71 on Friday. Veritone has a one year low of $1.22 and a one 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. The company has a market cap of $248.81 million, a price-to-earnings ratio of -4.04 and a beta of 2.16. The firm has a 50 day simple moving average of $3.37 and a 200 day simple moving average of $4.47.

Institutional Investors Weigh In On Veritone

Several large investors have recently added to or reduced their stakes in VERI. State of Wyoming bought a new stake in Veritone in the fourth quarter worth approximately $25,000. Franklin Resources Inc. bought a new position in shares of Veritone during the 3rd quarter worth approximately $50,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Veritone during the 3rd quarter worth approximately $80,000. Jefferies Financial Group Inc. acquired a new stake in shares of Veritone during the 3rd quarter worth approximately $82,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Veritone in the 4th quarter valued at $84,000. Institutional investors and hedge funds 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.