Veritone’s (VERI) “Buy” Rating Reaffirmed at D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of Veritone (NASDAQ:VERI) in a report released on Friday,Benzinga reports. The firm currently has a $23.00 price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Veritone in a report on Tuesday, December 2nd. Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, HC Wainwright upped their price objective on Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.00.

Veritone Stock Performance

VERI stock opened at $3.57 on Friday. Veritone has a 1-year low of $1.22 and a 1-year high of $9.42. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.77. The firm has a market cap of $327.76 million, a PE ratio of -5.33 and a beta of 2.03. The business’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $4.34.

Veritone (NASDAQ:VERI) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Veritone had a negative return on equity of 361.72% and a negative net margin of 42.60%.The company had revenue of $29.12 million for the quarter, compared to analyst estimates of $28.69 million.

Institutional Trading of Veritone

A number of hedge funds and other institutional investors have recently modified their holdings of VERI. Farther Finance Advisors LLC boosted its position in Veritone by 17.3% during the fourth quarter. Farther Finance Advisors LLC now owns 44,090 shares of the company’s stock valued at $205,000 after purchasing an additional 6,500 shares during the last quarter. Vanguard Capital Wealth Advisors raised its stake in shares of Veritone by 11.0% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 71,450 shares of the company’s stock worth $332,000 after purchasing an additional 7,100 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Veritone in the 4th quarter valued at approximately $95,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Veritone by 398.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 30,122 shares of the company’s stock valued at $145,000 after buying an additional 24,084 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Veritone during the third quarter worth $702,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

About Veritone

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.