Brokerages Set Veritone, Inc. (NASDAQ:VERI) Target Price at $5.00

Veritone, Inc. (NASDAQ:VERI) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.00.

A number of research analysts have recently issued reports on VERI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Veritone in a research note on Saturday, September 27th. D. Boral Capital reissued a “buy” rating and set a $6.00 target price on shares of Veritone in a research note on Tuesday, September 2nd. D Boral Capital raised Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised Veritone from a “sell” rating to a “hold” rating in a report on Friday, September 26th.

Veritone Stock Performance

Shares of VERI opened at $5.59 on Friday. The stock has a market capitalization of $330.76 million, a P/E ratio of -6.73 and a beta of 3.23. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89. Veritone has a 1 year low of $1.22 and a 1 year high of $6.43. The company’s fifty day moving average is $3.38 and its two-hundred day moving average is $2.42.

Institutional Trading of Veritone

A number of institutional investors have recently added to or reduced their stakes in the stock. Freedom Investment Management Inc. grew its holdings in Veritone by 6.3% during the 2nd quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock valued at $148,000 after buying an additional 6,954 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Veritone by 39.6% in the fourth quarter. Squarepoint Ops LLC now owns 43,850 shares of the company’s stock valued at $144,000 after acquiring an additional 12,435 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Veritone during the first quarter valued at $30,000. Geode Capital Management LLC increased its position in Veritone by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after purchasing an additional 19,597 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in Veritone in the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 39.18% of the company’s stock.

Veritone Company Profile

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.