Northland Securities set a $23.00 price objective on Veritone, Inc. (NASDAQ:VERI) in a research report report published on Sunday morning. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Veritone from a hold rating to a sell rating in a report on Friday. B. Riley reiterated a veri ( rating and issued a $18.00 price objective on shares of Veritone in a report on Monday, August 14th. Roth Capital assumed coverage on shares of Veritone in a report on Friday, August 11th. They issued a buy rating and a $13.20 price objective on the stock. Wunderlich reiterated a buy rating and issued a $18.00 price objective on shares of Veritone in a report on Wednesday, June 21st. Finally, Craig Hallum assumed coverage on shares of Veritone in a report on Tuesday, June 6th. They issued a buy rating on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Veritone currently has a consensus rating of Buy and an average target price of $16.44.

Veritone (NASDAQ:VERI) traded up 12.8777% during trading on Friday, hitting $22.6207. 246,433 shares of the company traded hands. The firm has a 50 day moving average of $11.46 and a 200 day moving average of $12.05. The firm’s market cap is $338.34 million. Veritone has a one year low of $7.76 and a one year high of $24.86.

Veritone (NASDAQ:VERI) last posted its quarterly earnings data on Monday, August 7th. The company reported ($1.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.20) by $0.13. The firm had revenue of $4.09 million for the quarter, compared to the consensus estimate of $2.99 million. On average, analysts expect that Veritone will post ($5.37) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of 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 9.73% of the company’s stock.

About Veritone

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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