Veritone’s (VERI) “Buy” Rating Reaffirmed at D. Boral Capital

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reissued by analysts at D. Boral Capital in a report released on Monday,Benzinga reports. They currently have a $4.50 price target on the stock. D. Boral Capital’s target price points to a potential upside of 98.24% from the company’s current price.

VERI has been the topic of several other reports. LADENBURG THALM/SH SH began coverage on shares of Veritone in a research note on Monday, March 17th. They issued a “buy” rating and a $6.00 price target on the stock. HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Veritone in a report on Monday, March 17th.

Veritone Trading Down 0.4 %

NASDAQ VERI opened at $2.27 on Monday. Veritone has a 1 year low of $1.86 and a 1 year high of $5.64. The company has a market cap of $101.82 million, a P/E ratio of -1.05 and a beta of 3.70. The company has a fifty day simple moving average of $2.44 and a 200 day simple moving average of $2.89.

Hedge Funds Weigh In On Veritone

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Veritone in the fourth quarter valued at approximately $130,000. Barclays PLC lifted its position in Veritone by 514.0% in the fourth quarter. Barclays PLC now owns 37,536 shares of the company’s stock valued at $124,000 after acquiring an additional 31,423 shares during the last quarter. Northern Trust Corp increased its position in Veritone by 24.2% in the 4th quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after acquiring an additional 28,510 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in Veritone in the fourth quarter valued at $66,000. Finally, XTX Topco Ltd grew its stake in Veritone by 47.1% in the 4th quarter. XTX Topco Ltd now owns 54,264 shares of the company’s stock valued at $178,000 after acquiring an additional 17,383 shares during the last quarter. 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.