Veritone (NASDAQ:VERI - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at D. Boral Capital in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $4.00 price objective on the stock. D. Boral Capital's target price would suggest a potential upside of 168.46% from the company's current price.
VERI has been the topic of several other research reports. LADENBURG THALM/SH SH started coverage on shares of Veritone in a research note on Monday, March 17th. They set a "buy" rating and a $6.00 target price on the stock. HC Wainwright reaffirmed a "buy" rating and set a $6.00 target price on shares of Veritone in a research note on Monday, March 17th. Finally, UBS Group lowered their target price on shares of Veritone from $3.50 to $2.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th.
Get Our Latest Report on VERI
Veritone Trading Down 2.9%
VERI traded down $0.05 during midday trading on Tuesday, hitting $1.49. 756,771 shares of the company traded hands, compared to its average volume of 816,367. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.99 and a current ratio of 0.99. Veritone has a 52-week low of $1.22 and a 52-week high of $5.64. The business has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $2.33.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Veritone during the 1st quarter valued at about $30,000. Bayesian Capital Management LP acquired a new position in shares of Veritone during the 4th quarter valued at about $39,000. LPL Financial LLC acquired a new position in shares of Veritone during the 4th quarter valued at about $48,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Veritone during the 4th quarter valued at about $66,000. Finally, Capital Advisors Inc. OK acquired a new position in shares of Veritone during the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 39.18% of the company's stock.
About Veritone
(
Get Free Report)
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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