Veritone (NASDAQ:VERI) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

Equities research analysts at LADENBURG THALM/SH SH began coverage on shares of Veritone (NASDAQ:VERI) in a research note issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $6.00 price target on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 130.77% from the company’s current price.

VERI has been the topic of several other reports. D. Boral Capital reissued a “buy” rating and set a $4.50 price target on shares of Veritone in a research report on Monday. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Veritone in a research report on Monday.

Veritone Trading Down 6.5 %

VERI stock opened at $2.60 on Monday. The firm has a market cap of $104.47 million, a P/E ratio of -1.20 and a beta of 3.43. Veritone has a 12-month low of $2.03 and a 12-month high of $7.76. The stock’s 50 day simple moving average is $2.91 and its 200 day simple moving average is $3.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Clarity Capital Partners LLC bought a new position in Veritone during the 4th quarter worth $34,000. Bayesian Capital Management LP bought a new position in Veritone during the 4th quarter worth $39,000. LPL Financial LLC bought a new position in Veritone during the 4th quarter worth $48,000. Benjamin Edwards Inc. bought a new position in Veritone during the 3rd quarter worth $65,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Veritone during the 4th quarter worth $66,000. 39.18% of the stock is currently owned by 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.