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

D. Boral Capital reissued their buy rating on shares of Veritone (NASDAQ:VERI) in a report published on Monday,Benzinga reports. The brokerage currently has a $4.50 price target on the stock.

Separately, HC Wainwright began coverage on shares of Veritone in a research note on Friday, February 21st. They set a “buy” rating and a $6.00 price objective for the company.

Veritone Trading Up 6.5 %

Shares of NASDAQ VERI opened at $2.78 on Monday. Veritone has a twelve month low of $2.03 and a twelve month high of $7.76. The company has a market capitalization of $111.70 million, a price-to-earnings ratio of -1.29 and a beta of 3.43. The firm has a 50-day moving average of $2.92 and a two-hundred day moving average of $3.14.

Institutional Trading of Veritone

A number of hedge funds have recently bought and sold shares of VERI. Vanguard Capital Wealth Advisors increased its holdings in shares of 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. Squarepoint Ops LLC increased its holdings in shares of 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 purchasing an additional 12,435 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Veritone in the 4th quarter valued at about $39,000. Jane Street Group LLC acquired a new position in shares of Veritone in the 4th quarter valued at about $130,000. Finally, Northern Trust Corp increased its holdings in shares of Veritone by 24.2% in the 4th quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after purchasing an additional 28,510 shares during the period. 39.18% of the stock is owned by hedge funds and other 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.