Veritone's (VERI) Buy Rating Reiterated at D. Boral Capital

Veritone (NASDAQ:VERI - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at D. Boral Capital in a report issued on Tuesday,Benzinga reports. They presently have a $4.00 price target on the stock. D. Boral Capital's price objective suggests a potential upside of 78.17% from the stock's current price.

Several other equities research analysts have also commented on VERI. UBS Group reduced their price target on shares of Veritone from $3.50 to $2.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. HC Wainwright reaffirmed a "buy" rating and set a $6.00 price target on shares of Veritone in a research report on Monday, March 17th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Veritone in a research report on Monday, March 17th. They set a "buy" rating and a $6.00 price target for the company.

Veritone Stock Performance

Shares of NASDAQ VERI traded up $0.10 during midday trading on Tuesday, hitting $2.25. 3,603,337 shares of the company's stock traded hands, compared to its average volume of 866,673. Veritone has a 1 year low of $1.22 and a 1 year high of $5.64. The stock has a market capitalization of $106.75 million, a price-to-earnings ratio of -2.55 and a beta of 2.64. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $1.57 and a 200 day moving average of $2.29.

Institutional Investors Weigh In On Veritone

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VERI. OMERS ADMINISTRATION Corp purchased a new stake in Veritone in the 1st quarter worth approximately $315,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Veritone during the 1st quarter valued at approximately $102,000. Jane Street Group LLC purchased a new stake in Veritone during the 4th quarter valued at approximately $130,000. NBZ Investment Advisors LLC purchased a new stake in Veritone during the 1st quarter valued at approximately $86,000. Finally, Barclays PLC grew its holdings in Veritone by 514.0% during the 4th quarter. Barclays PLC now owns 37,536 shares of the company's stock valued at $124,000 after buying an additional 31,423 shares in the last quarter. 39.18% of the stock is owned by hedge funds and other institutional investors.

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.