Veritone, Inc. (NASDAQ:VERI) shares traded up NaN during mid-day trading on Tuesday . The stock traded as high as $66.00 and last traded at $0.00. 1,486,700 shares changed hands during trading, an increase of Infinity from the average session volume of 0 shares.

Several research analysts have issued reports on the company. B. Riley restated a “veri (” rating and set a $18.00 target price on shares of Veritone in a research report on Wednesday, August 9th. Wunderlich restated a “buy” rating and set a $18.00 target price on shares of Veritone in a research report on Wednesday, June 21st. Zacks Investment Research lowered Veritone from a “buy” rating to a “sell” rating in a research report on Friday, August 11th. Northland Securities started coverage on Veritone in a research report on Tuesday, June 6th. They set an “outperform” rating and a $19.00 target price for the company. Finally, Craig Hallum started coverage on Veritone in a report on Tuesday, June 6th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $16.44.

The company’s market capitalization is $620.72 million. The firm has a 50 day moving average price of $15.74 and a 200-day moving average price of $13.56.

Veritone (NASDAQ:VERI) last posted its earnings results on Monday, August 7th. The company reported ($1.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.20) by ($0.13). The company had revenue of $4.09 million for the quarter, compared to analysts’ expectations of $2.99 million. Equities research analysts forecast that Veritone, Inc. will post ($5.37) EPS for the current year.

A number of hedge funds have recently modified their holdings of VERI. Perkins Capital Management Inc. purchased a new position in Veritone in the 2nd quarter valued at approximately $498,000. Spark Investment Management LLC purchased a new position in Veritone in the 2nd quarter valued at approximately $126,000. Unterberg Capital LLC purchased a new position in Veritone in the 2nd quarter valued at approximately $937,000. White Pine Capital LLC purchased a new position in Veritone in the 2nd quarter valued at approximately $583,000. Finally, Uniplan Investment Counsel Inc. purchased a new position in Veritone in the 2nd quarter valued at approximately $5,740,000. 9.73% of the stock is owned by institutional investors.

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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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