Veritone (NASDAQ:VERI - Get Free Report) was upgraded by research analysts at UBS Group from a "sell" rating to a "neutral" rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a $3.50 target price on the stock. UBS Group's target price indicates a potential downside of 5.15% from the company's previous close.
Veritone Price Performance
VERI traded down $0.01 on Wednesday, hitting $3.69. 209,240 shares of the company were exchanged, compared to its average volume of 1,301,925. The company has a debt-to-equity ratio of 9.02, a quick ratio of 0.78 and a current ratio of 0.78. The business's fifty day moving average is $3.59 and its 200 day moving average is $3.20. Veritone has a fifty-two week low of $1.48 and a fifty-two week high of $7.76. The firm has a market capitalization of $139.42 million, a P/E ratio of -1.68 and a beta of 3.30.
Veritone (NASDAQ:VERI - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.24) earnings per share for the quarter. Veritone had a negative return on equity of 222.47% and a negative net margin of 42.56%. The company had revenue of $30.99 million for the quarter.
Institutional Trading of Veritone
Several institutional investors and hedge funds have recently modified their holdings of the business. Bfsg LLC lifted its holdings in shares of Veritone by 13.4% in the third quarter. Bfsg LLC now owns 23,450 shares of the company's stock valued at $84,000 after purchasing an additional 2,775 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Veritone in the first quarter valued at about $65,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Veritone in the first quarter valued at about $88,000. Point72 DIFC Ltd purchased a new stake in shares of Veritone in the second quarter valued at about $42,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Veritone in the second quarter valued at about $43,000. Hedge funds and other institutional investors own 39.18% of the company's stock.
Veritone Company Profile
(
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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.
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