Veritone (NASDAQ:VERI) Earns Buy Rating from HC Wainwright

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research note issued on Monday,Benzinga reports. They presently have a $6.00 price target on the stock. HC Wainwright’s target price suggests a potential upside of 130.77% from the company’s current price.

Separately, D. Boral Capital reissued a “buy” rating and set a $4.50 target price on shares of Veritone in a research report on Monday.

Veritone Trading Down 6.5 %

NASDAQ:VERI opened at $2.60 on Monday. The company has a market cap of $104.47 million, a PE ratio of -1.20 and a beta of 3.43. Veritone has a twelve month low of $2.03 and a twelve month high of $7.76. The company’s 50 day moving average is $2.91 and its two-hundred day moving average is $3.14.

Institutional Trading of Veritone

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Capital Wealth Advisors lifted its stake in Veritone by 6.5% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company’s stock valued at $247,000 after acquiring an additional 4,614 shares during the period. Squarepoint Ops LLC lifted its stake in Veritone by 39.6% during 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 during the period. Bayesian Capital Management LP acquired a new stake in Veritone during the 4th quarter valued at approximately $39,000. Jane Street Group LLC acquired a new stake in Veritone during the 4th quarter valued at approximately $130,000. Finally, Northern Trust Corp lifted its stake in Veritone by 24.2% during the 4th quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after acquiring an additional 28,510 shares during the period. 39.18% of the stock is currently owned by institutional investors and hedge funds.

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.