Veritone, Inc. (NASDAQ:VERI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Veritone, Inc. (NASDAQ:VERI) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.60.

A number of equities analysts recently commented on VERI shares. D. Boral Capital restated a “buy” rating on shares of Veritone in a report on Wednesday, October 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a report on Friday. Needham & Company LLC started coverage on Veritone in a report on Thursday. They set a “buy” rating and a $10.00 target price for the company. D Boral Capital upgraded Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Veritone from a “sell” rating to a “hold” rating in a report on Sunday.

Veritone Stock Performance

Shares of VERI stock opened at $7.18 on Wednesday. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89. Veritone has a fifty-two week low of $1.22 and a fifty-two week high of $9.42. The stock has a 50 day moving average price of $4.42 and a two-hundred day moving average price of $2.79. The company has a market capitalization of $424.84 million, a P/E ratio of -8.65 and a beta of 3.23.

Hedge Funds Weigh In On Veritone

Hedge funds and other institutional investors have recently made changes to their positions in the business. NBZ Investment Advisors LLC bought a new position in shares of Veritone during the first quarter valued at approximately $86,000. OMERS ADMINISTRATION Corp purchased a new stake in Veritone in the first quarter worth $315,000. Capital Advisors Inc. OK purchased a new stake in Veritone in the first quarter worth $70,000. Virtu Financial LLC purchased a new stake in Veritone in the first quarter worth $30,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Veritone in the first quarter worth $102,000. Institutional investors 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.