Veritone (NASDAQ:VERI) Receives “Buy” Rating from D. Boral Capital

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reissued by stock analysts at D. Boral Capital in a report released on Thursday,Benzinga reports. They presently have a $4.00 price target on the stock. D. Boral Capital’s target price indicates a potential upside of 166.49% from the company’s previous close.

Several other equities research analysts have also commented on VERI. UBS Group cut their price target on shares of Veritone from $3.50 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. LADENBURG THALM/SH SH initiated coverage on shares of Veritone in a research note on Monday, March 17th. They set a “buy” rating and a $6.00 price target on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Veritone in a research note on Monday, March 17th.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $1.50 on Thursday. The company’s fifty day moving average price is $1.64 and its 200 day moving average price is $2.36. Veritone has a 12 month low of $1.22 and a 12 month high of $5.64. The company has a debt-to-equity ratio of 7.50, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $71.37 million, a P/E ratio of -1.71 and a beta of 2.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Veritone by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 377,056 shares of the company’s stock worth $1,237,000 after purchasing an additional 13,397 shares during the last quarter. Northern Trust Corp grew its position in Veritone by 24.2% during the 4th quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock worth $479,000 after purchasing an additional 28,510 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Veritone during the 1st quarter worth $315,000. Vanguard Capital Wealth Advisors grew its position in Veritone by 6.5% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company’s stock worth $247,000 after purchasing an additional 4,614 shares during the last quarter. Finally, XTX Topco Ltd grew its position in Veritone by 47.1% during the 4th quarter. XTX Topco Ltd now owns 54,264 shares of the company’s stock worth $178,000 after purchasing an additional 17,383 shares during the last quarter. 39.18% of the stock is owned by hedge funds and other institutional investors.

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.