Veritone (NASDAQ:VERI) Earns Buy Rating from D. Boral Capital

D. Boral Capital restated their buy rating on shares of Veritone (NASDAQ:VERI - Free Report) in a report issued on Monday,Benzinga reports. The firm currently has a $4.50 price target on the stock.

Separately, HC Wainwright started coverage on shares of Veritone in a research note on Friday, February 21st. They issued a "buy" rating and a $6.00 target price on the stock.

Veritone Price Performance

Shares of VERI stock traded up $0.05 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 stock has a market capitalization of $110.90 million, a price-to-earnings ratio of -1.28 and a beta of 3.43. Veritone has a fifty-two week low of $2.03 and a fifty-two week high of $7.76. The firm's fifty day moving average price is $2.90 and its 200-day moving average price is $3.13.

Institutional Investors Weigh In On Veritone

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Capital Wealth Advisors boosted 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 valued at $247,000 after purchasing an additional 4,614 shares during the period. Clarity Capital Partners LLC acquired a new stake in Veritone during the fourth quarter worth about $34,000. Bayesian Capital Management LP bought a new position in Veritone during the fourth quarter valued at about $39,000. Squarepoint Ops LLC raised its holdings in Veritone by 39.6% in the 4th quarter. Squarepoint Ops LLC now owns 43,850 shares of the company's stock valued at $144,000 after acquiring an additional 12,435 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Veritone by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 377,056 shares of the company's stock worth $1,237,000 after acquiring an additional 13,397 shares during the period. Institutional investors and hedge funds own 39.18% of the company's stock.

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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.