B. Riley Reiterates Sell Rating for Veritone (VERI)
Veritone (NASDAQ:VERI)‘s stock had its “sell” rating restated by analysts at B. Riley in a research report issued to clients and investors on Thursday. They presently have a $15.00 price target on the stock. B. Riley’s price objective suggests a potential downside of 37.32% from the company’s previous close.
A number of other brokerages have also recently weighed in on VERI. Zacks Investment Research raised shares of Veritone from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Roth Capital reissued a “buy” rating and set a $62.00 target price (up from $13.20) on shares of Veritone in a report on Friday, September 29th. Craig Hallum set a $31.00 target price on shares of Veritone and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Northland Securities set a $23.00 target price on shares of Veritone and gave the stock a “buy” rating in a report on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Veritone currently has a consensus rating of “Buy” and an average price target of $26.50.
Shares of Veritone (VERI) opened at $23.93 on Thursday. Veritone has a twelve month low of $7.76 and a twelve month high of $74.92.
Several large investors have recently modified their holdings of the business. Uniplan Investment Counsel Inc. acquired a new stake in shares of Veritone in the 2nd quarter worth about $5,740,000. B. Riley Financial Inc. acquired a new stake in shares of Veritone in the 2nd quarter worth about $2,022,000. Manatuck Hill Partners LLC acquired a new stake in shares of Veritone in the 2nd quarter worth about $1,757,000. Unterberg Capital LLC acquired a new stake in shares of Veritone in the 2nd quarter worth about $937,000. Finally, UBS Oconnor LLC acquired a new stake in shares of Veritone in the 2nd quarter worth about $586,000. 5.72% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “B. Riley Reiterates Sell Rating for Veritone (VERI)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/12/23/b-riley-reiterates-sell-rating-for-veritone-veri.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone and related stocks with our FREE daily email newsletter.