Veritone, Inc. $VERI Stock Position Raised by Freedom Investment Management Inc.

Freedom Investment Management Inc. raised its position in shares of Veritone, Inc. (NASDAQ:VERI) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,572 shares of the company’s stock after purchasing an additional 6,954 shares during the period. Freedom Investment Management Inc.’s holdings in Veritone were worth $148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advisors Inc. OK acquired a new position in shares of Veritone during the 1st quarter valued at about $70,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Veritone during the 1st quarter valued at about $102,000. NBZ Investment Advisors LLC acquired a new position in shares of Veritone during the 1st quarter valued at about $86,000. Virtu Financial LLC acquired a new position in shares of Veritone during the 1st quarter valued at about $30,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Veritone during the 1st quarter valued at about $315,000. 39.18% of the stock is owned by hedge funds and other institutional investors.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $7.30 on Tuesday. The business’s 50 day moving average is $4.52 and its 200-day moving average is $2.82. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 89.57. The firm has a market capitalization of $431.94 million, a PE ratio of -8.80 and a beta of 3.23. Veritone, Inc. has a 1-year low of $1.22 and a 1-year high of $9.42.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VERI shares. D Boral Capital raised Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, October 8th. Needham & Company LLC assumed coverage on Veritone in a report on Thursday, October 23rd. They issued a “buy” rating and a $10.00 target price on the stock. HC Wainwright raised their target price on Veritone from $6.00 to $9.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.60.

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.