Veritone, Inc. (NASDAQ:VERI) Receives $10.00 Average Price Target from Analysts

Veritone, Inc. (NASDAQ:VERI) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.00.

VERI has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st. D. Boral Capital restated a “buy” rating and issued a $23.00 price target on shares of Veritone in a research note on Wednesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Veritone in a research report on Tuesday, December 2nd.

Institutional Trading of Veritone

Several hedge funds have recently bought and sold shares of VERI. Freedom Investment Management Inc. raised its stake in Veritone by 6.3% during the second quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock valued at $148,000 after purchasing an additional 6,954 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Veritone by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after buying an additional 19,597 shares during the last quarter. Connective Capital Management LLC purchased a new stake in shares of Veritone during the 2nd quarter valued at about $657,000. Wesbanco Bank Inc. bought a new position in shares of Veritone in the 3rd quarter valued at about $241,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Veritone by 63.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock valued at $13,275,000 after acquiring an additional 1,065,460 shares during the last quarter. Hedge funds and other institutional investors own 39.18% of the company’s stock.

Veritone Trading Up 1.0%

Shares of VERI stock opened at $2.99 on Tuesday. Veritone has a 52-week low of $1.22 and a 52-week high of $9.42. The company has a debt-to-equity ratio of 6.77, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $274.51 million, a PE ratio of -4.46 and a beta of 2.12. The stock has a fifty day simple moving average of $4.01 and a two-hundred day simple moving average of $4.44.

Veritone Company Profile

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.