Veritone, Inc. (NASDAQ:VERI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Veritone, Inc. (NASDAQ:VERI) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.25.

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Veritone from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. HC Wainwright restated a “buy” rating and set a $9.00 target price on shares of Veritone in a research note on Monday, March 30th. Finally, D. Boral Capital restated a “buy” rating and set a $8.00 target price on shares of Veritone in a research note on Wednesday, April 15th.

Veritone Price Performance

Shares of VERI opened at $2.36 on Wednesday. The firm has a 50-day moving average of $2.58 and a 200-day moving average of $4.13. Veritone has a one year low of $1.22 and a one year high of $9.42. The company has a market cap of $219.36 million, a PE ratio of -3.52 and a beta of 2.36.

Veritone (NASDAQ:VERI) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $999.00 EPS for the quarter. Veritone had a negative net margin of 115.52% and a negative return on equity of 266.00%. Analysts expect that Veritone will post -0.61 earnings per share for the current year.

Institutional Trading of Veritone

Hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Veritone during the 4th quarter worth about $25,000. Franklin Resources Inc. acquired a new stake in shares of Veritone during the 3rd quarter worth about $50,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Veritone during the 3rd quarter worth about $80,000. Jefferies Financial Group Inc. acquired a new stake in shares of Veritone during the 3rd quarter worth about $82,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Veritone during the 4th quarter worth about $84,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

About Veritone

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.