Veritone’s (VERI) Buy Rating Reiterated at D. Boral Capital

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating restated by research analysts at D. Boral Capital in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $8.00 price target on the stock. D. Boral Capital’s price objective indicates a potential upside of 250.88% from the stock’s previous close.

Several other research firms have also issued reports on VERI. HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Veritone in a report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered Veritone from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Veritone presently has a consensus rating of “Hold” and an average price target of $7.25.

Veritone Stock Performance

VERI stock opened at $2.28 on Wednesday. The firm has a market cap of $209.33 million, a PE ratio of -3.40 and a beta of 2.36. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. The business has a 50 day moving average of $2.69 and a 200-day moving average of $4.23. Veritone has a 12-month low of $1.22 and a 12-month high of $9.42.

Hedge Funds Weigh In On Veritone

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP bought a new position in Veritone during the third quarter valued at $2,603,000. EntryPoint Capital LLC bought a new position in Veritone during the fourth quarter valued at $84,000. Jefferies Financial Group Inc. bought a new position in Veritone during the third quarter valued at $82,000. Sherbrooke Park Advisers LLC bought a new position in Veritone during the third quarter valued at $80,000. Finally, Franklin Resources Inc. bought a new position in Veritone during the third quarter valued at $50,000. 39.18% of the stock is owned by institutional investors.

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.