Veritone (NASDAQ:VERI) Receives "Sell (E+)" Rating from Weiss Ratings

Key Points

• Veritone's stock has been given a "sell (E+)" rating by Weiss Ratings, reflecting concerns about its performance in the market.
• Various analysts have differing opinions on Veritone, with Needham & Company issuing a "buy" rating and a $10.00 target price, while Wall Street Zen has downgraded it to a "sell" rating.
• As of the last trading session, Veritone’s stock price reached $7.18, with significant institutional ownership and recent activities indicating investor interest in the stock.

Veritone (NASDAQ:VERI - Get Free Report)'s stock had its "sell (e+)" rating restated by equities research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

VERI has been the topic of several other reports. Needham & Company LLC assumed coverage on shares of Veritone in a report on Thursday. They set a "buy" rating and a $10.00 target price on the stock. HC Wainwright increased their target price on shares of Veritone from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Monday. Wall Street Zen lowered shares of Veritone from a "hold" rating to a "sell" rating in a report on Saturday, October 18th. D. Boral Capital reiterated a "buy" rating on shares of Veritone in a report on Wednesday, October 15th. Finally, D Boral Capital upgraded shares of Veritone to a "strong-buy" rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have given 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $6.60.

Veritone Price Performance

Shares of VERI stock traded up $1.04 on Friday, reaching $7.18. 12,319,478 shares of the company were exchanged, compared to its average volume of 9,995,455. Veritone has a 1 year low of $1.22 and a 1 year high of $9.42. The company has a market cap of $424.84 million, a price-to-earnings ratio of -8.65 and a beta of 3.23. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day moving average price of $4.42 and a 200 day moving average price of $2.78.

Institutional Trading of Veritone

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBZ Investment Advisors LLC acquired a new position in Veritone during the first quarter worth about $86,000. OMERS ADMINISTRATION Corp acquired a new position in Veritone during the first quarter worth about $315,000. Capital Advisors Inc. OK acquired a new position in Veritone during the first quarter worth about $70,000. Virtu Financial LLC acquired a new position in Veritone during the first quarter worth about $30,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Veritone during the first quarter worth about $102,000. 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.

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