Veritone, Inc. (VERI) Given a $19.00 Price Target at Northland Securities
Veritone, Inc. (NASDAQ:VERI) has been given a $19.00 target price by research analysts at Northland Securities in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Northland Securities’ price objective points to a potential upside of 26.33% from the company’s current price.
A number of other equities analysts have also recently weighed in on VERI. B. Riley reiterated a “buy” rating and set a $18.00 price target on shares of Veritone in a report on Friday, August 4th. Roth Capital began coverage on Veritone in a report on Friday, August 11th. They set a “buy” rating and a $13.20 price target for the company. Zacks Investment Research cut Veritone from a “buy” rating to a “sell” rating in a report on Friday, August 11th. Craig Hallum began coverage on Veritone in a report on Tuesday, June 6th. They set a “buy” rating for the company. Finally, Wunderlich began coverage on Veritone in a report on Tuesday, June 6th. They set a “buy” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.64.
Shares of Veritone (VERI) traded up 14.03% during midday trading on Monday, hitting $15.04. 289,532 shares of the stock were exchanged. Veritone has a 52-week low of $7.76 and a 52-week high of $15.64. The firm’s market cap is $224.95 million. The firm’s 50-day moving average is $9.95 and its 200 day moving average is $11.49.
Veritone (NASDAQ:VERI) last released its quarterly earnings results on Monday, August 7th. The company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.20) by $0.13. The firm had revenue of $4.09 million during the quarter, compared to analyst estimates of $2.99 million. On average, analysts forecast that Veritone will post ($5.37) earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in VERI. Spark Investment Management LLC acquired a new position in Veritone during the second quarter worth $126,000. Vanguard Group Inc. acquired a new position in Veritone during the second quarter worth $132,000. Northern Trust Corp acquired a new position in Veritone during the second quarter worth $269,000. Perkins Capital Management Inc. acquired a new position in Veritone during the second quarter worth $498,000. Finally, White Pine Capital LLC acquired a new position in Veritone during the second quarter worth $583,000. Institutional investors and hedge funds own 8.57% of the company’s stock.
Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
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