Veritone (NASDAQ:VERI) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Veritone (NASDAQ:VERI) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other equities research analysts also recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, October 8th. D. Boral Capital restated a “buy” rating on shares of Veritone in a research report on Wednesday. Finally, D Boral Capital upgraded Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Veritone Trading Down 3.8%

Shares of VERI stock opened at $6.25 on Friday. Veritone has a 1 year low of $1.22 and a 1 year high of $9.42. The company has a debt-to-equity ratio of 89.57, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $4.08 and its two-hundred day simple moving average is $2.64. The company has a market cap of $369.81 million, a PE ratio of -7.53 and a beta of 3.23.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ground Swell Capital LLC purchased a new position in Veritone during the 2nd quarter worth $27,000. Virtu Financial LLC purchased a new position in Veritone during the 1st quarter worth $30,000. Capital Advisors Inc. OK purchased a new position in Veritone during the 1st quarter worth $70,000. NBZ Investment Advisors LLC purchased a new position in Veritone during the 1st quarter worth $86,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Veritone during the 1st quarter worth $102,000. 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.