Veritone, Inc. (NASDAQ:VERI) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts have a consensus "Hold" on Veritone from five covering brokers (1 sell, 1 hold, 3 buy), with an average 12‑month price target of $8.75.
• Shares trade around $2.28 (50‑day $2.69, 200‑day $4.23) with a 52‑week range of $1.22–$9.42, market cap ≈$209M, a negative P/E (-3.40) and high debt‑to‑equity (6.77), while institutional investors own about 39%.

Veritone, Inc. (NASDAQ:VERI - Get Free Report) has been given a consensus recommendation of "Hold" by the five analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $8.75.

Several equities analysts recently commented on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Veritone in a research note on Wednesday, January 21st. D. Boral Capital reissued a "buy" rating and issued a $14.00 price objective on shares of Veritone in a research note on Friday, March 27th. HC Wainwright reissued a "buy" rating and issued a $9.00 price objective on shares of Veritone in a research note on Monday, March 30th. Finally, Wall Street Zen downgraded shares of Veritone from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st.

Hedge Funds Weigh In On Veritone

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of Veritone during the fourth quarter valued at $25,000. Franklin Resources Inc. bought a new position in shares of Veritone during the third quarter valued at $50,000. Sherbrooke Park Advisers LLC bought a new position in Veritone during the third quarter worth $80,000. Jefferies Financial Group Inc. bought a new position in Veritone during the third quarter worth $82,000. Finally, EntryPoint Capital LLC bought a new position in Veritone during the fourth quarter worth $84,000. Institutional investors own 39.18% of the company's stock.

Veritone Stock Up 12.3%

Shares of VERI opened at $2.28 on Wednesday. The firm's 50-day simple moving average is $2.69 and its 200 day simple moving average is $4.23. Veritone has a 52 week low of $1.22 and a 52 week high of $9.42. The firm has a market cap of $209.33 million, a P/E ratio of -3.40 and a beta of 2.36. The company has a debt-to-equity ratio of 6.77, a quick ratio of 1.31 and a current ratio of 1.31.

About Veritone

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.

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