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

D. Boral Capital restated their buy rating on shares of Veritone (NASDAQ:VERI) in a report issued on Monday,Benzinga reports. The firm currently has a $4.50 price target on the stock.

Separately, HC Wainwright started coverage on shares of Veritone in a research note on Friday, February 21st. They set a “buy” rating and a $6.00 price target on the stock.

Veritone Stock Up 5.8 %

Shares of VERI opened at $2.75 on Monday. The company’s fifty day moving average is $2.90 and its 200-day moving average is $3.14. Veritone has a 12 month low of $2.03 and a 12 month high of $7.76. The firm has a market cap of $110.50 million, a price-to-earnings ratio of -1.27 and a beta of 3.43.

Institutional Trading of Veritone

Hedge funds have recently bought and sold shares of the stock. Clarity Capital Partners LLC bought a new stake in Veritone in the 4th quarter valued at $34,000. Bayesian Capital Management LP bought a new stake in Veritone in the 4th quarter valued at $39,000. LPL Financial LLC bought a new stake in Veritone in the 4th quarter valued at $48,000. Benjamin Edwards Inc. bought a new stake in Veritone in the 3rd quarter valued at $65,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Veritone in the 4th quarter valued at $66,000. 39.18% of the stock is owned by institutional investors.

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.