Veritone, Inc. (NASDAQ:VERI) gapped down prior to trading on Thursday . The stock had previously closed at $50.00, but opened at $45.95. Veritone shares last traded at $36.88, with a volume of 2,222,857 shares changing hands.

A number of brokerages have recently weighed in on VERI. B. Riley restated a “veri (” rating and issued a $18.00 price objective on shares of Veritone in a report on Wednesday, August 9th. Wunderlich restated a “buy” rating and issued a $18.00 price objective on shares of Veritone in a report on Wednesday, June 21st. Roth Capital restated a “buy” rating and issued a $62.00 price objective (up from $13.20) on shares of Veritone in a report on Friday. Zacks Investment Research lowered shares of Veritone from a “buy” rating to a “sell” rating in a report on Friday, August 11th. Finally, Northland Securities began coverage on shares of Veritone in a report on Tuesday, June 6th. They issued an “outperform” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.20.

The company’s market cap is $679.80 million. The company’s 50-day moving average price is $15.74 and its 200-day moving average price is $13.56.

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

Several hedge funds and other institutional investors have recently bought and sold shares of VERI. Uniplan Investment Counsel Inc. acquired a new stake in Veritone in the second quarter valued at $5,740,000. B. Riley Financial Inc. acquired a new stake in Veritone in the second quarter valued at $2,022,000. Manatuck Hill Partners LLC acquired a new stake in Veritone in the second quarter valued at $1,757,000. Unterberg Capital LLC acquired a new stake in Veritone in the second quarter valued at $937,000. Finally, UBS Oconnor LLC acquired a new stake in Veritone in the second quarter valued at $586,000. 9.73% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Veritone, Inc. (VERI) Shares Gap Down to $45.95” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/30/veritone-inc-veri-shares-gap-down-to-45-95.html.

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.

Receive News & Stock Ratings for Veritone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone Inc. and related stocks with our FREE daily email newsletter.