Veritone (NASDAQ:VERI) Given Buy Rating at D. Boral Capital

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

Several other equities analysts have also recently issued reports on the company. LADENBURG THALM/SH SH started coverage on Veritone in a research note on Monday, March 17th. They issued a "buy" rating and a $6.00 price objective for the company. HC Wainwright reiterated a "buy" rating and issued a $6.00 price objective on shares of Veritone in a research note on Monday, March 17th. Finally, UBS Group decreased their price objective on Veritone from $3.50 to $2.00 and set a "neutral" rating for the company in a research note on Friday, May 9th.

Veritone Trading Up 5.7%

NASDAQ VERI traded up $0.08 during trading on Thursday, hitting $1.50. The stock had a trading volume of 1,833,765 shares, compared to its average volume of 799,293. The company has a market capitalization of $71.37 million, a PE ratio of -1.71 and a beta of 2.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.50. The firm has a 50 day moving average price of $1.64 and a 200 day moving average price of $2.37. Veritone has a twelve month low of $1.22 and a twelve month high of $5.64.

Institutional Investors Weigh In On Veritone

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Veritone by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 377,056 shares of the company's stock worth $1,237,000 after purchasing an additional 13,397 shares during the last quarter. Northern Trust Corp lifted its stake 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. OMERS ADMINISTRATION Corp purchased a new stake in Veritone during the first quarter worth approximately $315,000. Vanguard Capital Wealth Advisors lifted its stake in Veritone by 6.5% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company's stock worth $247,000 after purchasing an additional 4,614 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in Veritone by 47.1% during the fourth quarter. XTX Topco Ltd now owns 54,264 shares of the company's stock worth $178,000 after purchasing an additional 17,383 shares during the last quarter. Hedge funds and other 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.