Veritone (NASDAQ:VERI) Receives "Buy" Rating from D. Boral Capital

D. Boral Capital reissued their buy rating on shares of Veritone (NASDAQ:VERI - Free Report) in a research report released on Thursday morning,Benzinga reports. They currently have a $4.00 target price on the stock.

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

Veritone Stock Performance

Shares of Veritone stock traded up $0.08 during trading on Thursday, hitting $1.50. 1,833,765 shares of the company's stock were exchanged, compared to its average volume of 797,853. The stock has a market capitalization of $71.37 million, a price-to-earnings ratio of -1.71 and a beta of 2.64. The business has a 50-day simple moving average of $1.65 and a 200-day simple moving average of $2.37. Veritone has a 52-week low of $1.22 and a 52-week high of $5.64. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.99 and a current ratio of 0.99.

Institutional Investors Weigh In On Veritone

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings 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 buying an additional 31,423 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Veritone during the 4th quarter valued at about $48,000. Squarepoint Ops LLC grew its holdings in shares of Veritone by 39.6% in the fourth quarter. Squarepoint Ops LLC now owns 43,850 shares of the company's stock valued at $144,000 after purchasing an additional 12,435 shares during the period. Northern Trust Corp increased its position in Veritone by 24.2% during the fourth quarter. Northern Trust Corp now owns 146,105 shares of the company's stock worth $479,000 after purchasing an additional 28,510 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Veritone during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 39.18% of the company's stock.

About Veritone

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.