Veritone (NASDAQ:VERI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Veritone (NASDAQ:VERI) from a sell rating to a hold rating in a research note published on Friday.

A number of other equities analysts also recently commented on VERI. D Boral Capital upgraded shares of Veritone to a “strong-buy” rating in a research note on Tuesday, September 2nd. D. Boral Capital reissued a “buy” rating and issued a $6.00 price objective on shares of Veritone in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $5.00.

Veritone Stock Performance

VERI stock opened at $5.08 on Friday. Veritone has a twelve month low of $1.22 and a twelve month high of $6.43. The firm has a market cap of $300.58 million, a price-to-earnings ratio of -6.12 and a beta of 3.04. The business’s fifty day simple moving average is $3.14 and its two-hundred day simple moving average is $2.34. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 89.57.

Institutional Trading of Veritone

A number of hedge funds have recently bought and sold shares of VERI. Freedom Investment Management Inc. raised its holdings in shares of Veritone by 6.3% during the second quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock worth $148,000 after purchasing an additional 6,954 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Veritone by 39.6% in the fourth quarter. Squarepoint Ops LLC now owns 43,850 shares of the company’s stock valued at $144,000 after purchasing an additional 12,435 shares during the last quarter. Virtu Financial LLC acquired a new stake in Veritone during the 1st quarter worth about $30,000. Geode Capital Management LLC grew its position in Veritone by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after purchasing an additional 19,597 shares during the period. Finally, Ground Swell Capital LLC purchased a new position in shares of Veritone during the 2nd quarter valued at about $27,000. 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.