LADENBURG THALM/SH SH Begins Coverage on Veritone (NASDAQ:VERI)

LADENBURG THALM/SH SH started coverage on shares of Veritone (NASDAQ:VERI - Free Report) in a report released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $6.00 price target on the stock.

VERI has been the subject of several other reports. D. Boral Capital restated a "buy" rating and issued a $4.50 target price on shares of Veritone in a research note on Monday. HC Wainwright restated a "buy" rating and set a $6.00 target price on shares of Veritone in a research note on Monday.

Veritone Trading Up 1.8 %

Shares of VERI traded up $0.05 during mid-day trading on Monday, hitting $2.76. The company's stock had a trading volume of 453,427 shares, compared to its average volume of 1,018,617. The firm has a market capitalization of $110.90 million, a price-to-earnings ratio of -1.28 and a beta of 3.43. The company's 50-day moving average is $2.90 and its 200-day moving average is $3.13. Veritone has a 52-week low of $2.03 and a 52-week high of $7.76.

Hedge Funds Weigh In On Veritone

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Veritone by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 377,056 shares of the company's stock valued at $1,237,000 after purchasing an additional 13,397 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Veritone by 24.2% during the fourth 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 period. GSA Capital Partners LLP boosted its position in Veritone by 559.7% in the third quarter. GSA Capital Partners LLP now owns 108,614 shares of the company's stock valued at $390,000 after buying an additional 92,150 shares during the last quarter. Vanguard Capital Wealth Advisors increased its holdings in Veritone by 6.5% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company's stock worth $247,000 after buying an additional 4,614 shares during the period. Finally, XTX Topco Ltd raised 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 buying an additional 17,383 shares during the last quarter. 39.18% of the stock is owned by institutional investors and hedge funds.

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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.