Veritone (NASDAQ:VERI) Upgraded by D Boral Capital to Strong-Buy Rating

Key Points

• Veritone (NASDAQ:VERI) has been upgraded to a "strong-buy" rating by D Boral Capital, reflecting positive analyst sentiment.
• The stock currently has a consensus rating of "Buy" with a price target averaging $5.00, despite some variations in recent analyst assessments.
• Veritone operates in the AI solutions sector with an emphasis on transforming unstructured data into actionable insights through its aiWARE platform.

Veritone (NASDAQ:VERI - Get Free Report) was upgraded by equities research analysts at D Boral Capital to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

VERI has been the topic of several other research reports. D. Boral Capital restated a "buy" rating and set a $6.00 price target on shares of Veritone in a research note on Tuesday. UBS Group cut their price target on Veritone from $3.50 to $2.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Veritone has a consensus rating of "Buy" and a consensus price target of $5.00.

Veritone Stock Performance

VERI stock opened at $3.11 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 89.57. The business's fifty day simple moving average is $2.21 and its two-hundred day simple moving average is $2.15. Veritone has a twelve month low of $1.22 and a twelve month high of $5.64. The firm has a market cap of $171.89 million, a price-to-earnings ratio of -3.75 and a beta of 3.05.

Institutional Investors Weigh In On Veritone

A number of institutional investors have recently added to or reduced their stakes in VERI. Ground Swell Capital LLC bought a new stake in Veritone during the second quarter valued at about $27,000. Virtu Financial LLC bought a new stake in Veritone during the first quarter valued at about $30,000. Bayesian Capital Management LP bought a new stake in Veritone during the fourth quarter valued at about $39,000. Capital Advisors Inc. OK bought a new stake in Veritone during the first quarter valued at about $70,000. Finally, NBZ Investment Advisors LLC bought a new stake in Veritone during the first quarter valued at about $86,000. 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.

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