Veritone's (VERI) "Buy" Rating Reaffirmed at D. Boral Capital

Veritone (NASDAQ:VERI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at D. Boral Capital in a research note issued on Monday,Benzinga reports. They currently have a $4.50 price target on the stock. D. Boral Capital's target price would suggest a potential upside of 121.67% from the company's current price.

Several other equities analysts have also recently weighed in on the company. LADENBURG THALM/SH SH initiated coverage on Veritone in a report on Monday, March 17th. They set a "buy" rating and a $6.00 price target on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $6.00 target price on shares of Veritone in a report on Monday, March 17th.

Veritone Trading Down 0.5 %

VERI traded down $0.01 during trading on Monday, hitting $2.03. 377,241 shares of the company's stock traded hands, compared to its average volume of 773,751. The company's 50 day simple moving average is $2.38 and its two-hundred day simple moving average is $2.85. Veritone has a 12-month low of $1.86 and a 12-month high of $5.64. The stock has a market capitalization of $91.06 million, a price-to-earnings ratio of -0.94 and a beta of 3.70.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VERI. Jane Street Group LLC purchased a new position in shares of Veritone during the fourth quarter valued at about $130,000. Barclays PLC grew its position in shares of Veritone by 514.0% during the fourth quarter. Barclays PLC now owns 37,536 shares of the company's stock valued at $124,000 after purchasing an additional 31,423 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in shares of Veritone during the first quarter valued at about $70,000. Northern Trust Corp grew its position in shares of Veritone by 24.2% during the fourth quarter. Northern Trust Corp now owns 146,105 shares of the company's stock valued at $479,000 after purchasing an additional 28,510 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Veritone during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors 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.