D. Boral Capital Reaffirms Buy Rating for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reiterated by equities researchers at D. Boral Capital in a research report issued on Monday,Benzinga reports. They currently have a $4.50 price objective on the stock. D. Boral Capital’s target price would indicate a potential upside of 98.24% from the company’s previous close.

Other analysts also recently issued research reports about the company. LADENBURG THALM/SH SH began coverage on Veritone in a research report on Monday, March 17th. They issued a “buy” rating and a $6.00 price objective for the company. HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Veritone in a research note on Monday, March 17th.

Veritone Trading Down 0.4 %

Shares of VERI opened at $2.27 on Monday. The stock has a 50 day moving average of $2.44 and a 200-day moving average of $2.89. The firm has a market cap of $101.82 million, a price-to-earnings ratio of -1.05 and a beta of 3.70. Veritone has a 52 week low of $1.86 and a 52 week high of $5.64.

Hedge Funds Weigh In On Veritone

Institutional investors have recently made changes to their positions in the company. Vanguard Capital Wealth Advisors boosted its stake in shares of Veritone by 6.5% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company’s stock worth $247,000 after acquiring an additional 4,614 shares in the last quarter. Clarity Capital Partners LLC acquired a new stake in Veritone during the 4th quarter worth $34,000. Bayesian Capital Management LP purchased a new position in shares of Veritone during the fourth quarter worth about $39,000. Squarepoint Ops LLC increased its position in Veritone by 39.6% during the 4th quarter. Squarepoint Ops LLC now owns 43,850 shares of the company’s stock worth $144,000 after purchasing an additional 12,435 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 in the last quarter. Hedge funds and other 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.