D. Boral Capital Reaffirms Buy Rating for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reaffirmed by research analysts at D. Boral Capital in a research report issued on Monday,Benzinga reports. They currently have a $4.50 price target on the stock. D. Boral Capital’s price objective indicates a potential upside of 73.08% from the stock’s current price.

Separately, HC Wainwright started coverage on shares of Veritone in a research note on Friday, February 21st. They issued a “buy” rating and a $6.00 price target on the stock.

Veritone Stock Down 6.5 %

Shares of NASDAQ:VERI opened at $2.60 on Monday. The stock has a market cap of $104.47 million, a price-to-earnings ratio of -1.20 and a beta of 3.43. Veritone has a fifty-two week low of $2.03 and a fifty-two week high of $7.76. The firm’s 50 day moving average price is $2.91 and its 200 day moving average price is $3.14.

Hedge Funds Weigh In On Veritone

Several hedge funds have recently added to or reduced their stakes in VERI. Clarity Capital Partners LLC purchased a new position in shares of Veritone during the fourth quarter worth approximately $34,000. Bayesian Capital Management LP purchased a new position in shares of Veritone during the fourth quarter worth approximately $39,000. LPL Financial LLC purchased a new position in shares of Veritone during the fourth quarter worth approximately $48,000. Benjamin Edwards Inc. purchased a new position in shares of Veritone during the third quarter worth approximately $65,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Veritone during the fourth quarter worth approximately $66,000. 39.18% of the stock is currently owned by hedge funds and other institutional investors.

About Veritone

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.