Veritone (NASDAQ:VERI) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Veritone (NASDAQ:VERI) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Several other analysts also recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a report on Wednesday, October 8th. D Boral Capital raised shares of Veritone to a “strong-buy” rating in a research note on Tuesday, September 2nd. Finally, D. Boral Capital reissued a “buy” rating on shares of Veritone in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.75.

Veritone Trading Down 2.4%

NASDAQ VERI opened at $6.10 on Friday. Veritone has a one year low of $1.22 and a one year high of $9.42. The company has a debt-to-equity ratio of 89.57, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $360.94 million, a P/E ratio of -7.35 and a beta of 3.23. The stock’s 50-day moving average is $4.14 and its 200-day moving average is $2.67.

Institutional Investors Weigh In On Veritone

Several institutional investors and hedge funds have recently added to or reduced their stakes in VERI. Virtu Financial LLC acquired a new position in shares of Veritone during the 1st quarter worth about $30,000. Ground Swell Capital LLC bought a new stake in Veritone during the second quarter worth about $27,000. Capital Advisors Inc. OK acquired a new position in Veritone during the first quarter valued at approximately $70,000. NBZ Investment Advisors LLC bought a new position in Veritone in the first quarter valued at approximately $86,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Veritone in the first quarter valued at approximately $102,000. 39.18% of the stock is owned by 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.