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

Veritone (NASDAQ:VERI - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at D. Boral Capital in a research note issued on Monday,Benzinga reports. They presently have a $4.50 price target on the stock. D. Boral Capital's price target points to a potential upside of 120.59% from the company's previous close.

Other analysts also recently issued research reports about the company. HC Wainwright reiterated a "buy" rating and set a $6.00 price target on shares of Veritone in a research report on Monday, March 17th. LADENBURG THALM/SH SH started coverage on shares of Veritone in a research note on Monday, March 17th. They issued a "buy" rating and a $6.00 price target for the company.

Veritone Price Performance

NASDAQ:VERI traded up $0.01 during trading hours on Monday, hitting $2.04. The stock had a trading volume of 300,770 shares, compared to its average volume of 773,036. The firm has a market capitalization of $91.50 million, a price-to-earnings ratio of -0.94 and a beta of 3.06. Veritone has a one year low of $1.86 and a one year high of $5.64. The company has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.83.

Institutional Trading of Veritone

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Veritone in the fourth quarter worth $130,000. Barclays PLC increased its stake in shares of Veritone by 514.0% in the 4th quarter. Barclays PLC now owns 37,536 shares of the company's stock worth $124,000 after acquiring an additional 31,423 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in Veritone during the 1st quarter valued at about $70,000. Northern Trust Corp boosted its stake in Veritone by 24.2% during the fourth quarter. Northern Trust Corp now owns 146,105 shares of the company's stock worth $479,000 after acquiring an additional 28,510 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Veritone in the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 39.18% of the company's stock.

About Veritone

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.