Veritone’s (VERI) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Veritone (NASDAQ:VERIFree Report) in a report released on Monday morning,Benzinga reports. The firm currently has a $6.00 target price on the stock.

Separately, D. Boral Capital restated a “buy” rating and issued a $4.50 target price on shares of Veritone in a research note on Monday.

Read Our Latest Research Report on VERI

Veritone Price Performance

Veritone stock opened at $2.78 on Monday. Veritone has a 52-week low of $2.03 and a 52-week high of $7.76. The firm has a market capitalization of $111.70 million, a P/E ratio of -1.29 and a beta of 3.43. The stock has a fifty day moving average price of $2.92 and a two-hundred day moving average price of $3.14.

Institutional Trading of Veritone

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Clarity Capital Partners LLC acquired a new stake in Veritone in the fourth quarter worth about $34,000. Bayesian Capital Management LP acquired a new stake in Veritone in the fourth quarter worth about $39,000. LPL Financial LLC acquired a new stake in Veritone in the fourth quarter worth about $48,000. Benjamin Edwards Inc. acquired a new stake in Veritone in the third quarter worth about $65,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Veritone in the fourth quarter worth about $66,000. 39.18% of the stock is currently owned by institutional investors and hedge funds.

About Veritone

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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.

Further Reading

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