Veritone (NASDAQ:VERI) Given "Buy" Rating at D. Boral Capital

Key Points

• D. Boral Capital has reaffirmed a "Buy" rating on Veritone (NASDAQ:VERI) with a price target of $4.00, suggesting a potential upside of 50.94% from its previous close.
• UBS Group has lowered its price target for Veritone from $3.50 to $2.00, reflecting a more cautious outlook with a "neutral" rating.
• Veritone's current stock price is $2.65, with a market cap of $126.01 million and significant institutional ownership of 39.18% in the company.

Veritone (NASDAQ:VERI - Get Free Report)'s stock had its "buy" rating restated by stock analysts at D. Boral Capital in a research note issued to investors on Friday,Benzinga reports. They presently have a $4.00 price target on the stock. D. Boral Capital's price target would indicate a potential upside of 44.67% from the company's previous close.

Separately, UBS Group decreased their target price on shares of Veritone from $3.50 to $2.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th.

Veritone Stock Performance

Veritone stock traded down $0.26 during trading hours on Friday, hitting $2.77. The company had a trading volume of 2,863,396 shares, compared to its average volume of 1,147,246. The firm has a market cap of $131.48 million, a PE ratio of -3.33 and a beta of 2.81. The company has a debt-to-equity ratio of 7.50, a current ratio of 0.99 and a quick ratio of 0.99. Veritone has a one year low of $1.22 and a one year high of $5.64. The firm has a 50-day moving average of $1.82 and a 200 day moving average of $2.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VERI. OMERS ADMINISTRATION Corp acquired a new stake in shares of Veritone during the 1st quarter worth approximately $315,000. Skandinaviska Enskilda Banken AB publ bought a new position in Veritone in the 1st quarter valued at approximately $102,000. Jane Street Group LLC bought a new position in Veritone in the 4th quarter valued at approximately $130,000. NBZ Investment Advisors LLC bought a new position in Veritone in the 1st quarter valued at approximately $86,000. Finally, Barclays PLC lifted its stake in Veritone by 514.0% in the 4th quarter. Barclays PLC now owns 37,536 shares of the company's stock valued at $124,000 after purchasing an additional 31,423 shares during the last quarter. Institutional investors and hedge funds 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.