Northland Securities reissued their buy rating on shares of Veritone (NASDAQ:VERI) in a research report report published on Thursday morning, AnalystRatings.com reports. Northland Securities currently has a $10.00 target price on the stock.
VERI has been the subject of several other reports. Zacks Investment Research lowered Veritone from a buy rating to a hold rating in a research report on Saturday, October 12th. ValuEngine raised Veritone from a buy rating to a strong-buy rating in a research report on Thursday, August 1st. Finally, Craig Hallum lowered Veritone from a buy rating to a hold rating and decreased their target price for the company from $14.00 to $3.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $8.82.
Shares of VERI stock traded up $0.01 during trading hours on Thursday, reaching $2.67. The company’s stock had a trading volume of 239,000 shares, compared to its average volume of 556,325. The firm’s 50 day simple moving average is $3.17 and its 200-day simple moving average is $5.90. Veritone has a fifty-two week low of $2.43 and a fifty-two week high of $9.98. The company has a market capitalization of $59.11 million, a price-to-earnings ratio of -0.77 and a beta of 1.37.
A number of institutional investors have recently modified their holdings of VERI. Jane Street Group LLC bought a new stake in Veritone in the 2nd quarter valued at about $131,000. Parametric Portfolio Associates LLC increased its position in Veritone by 76.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 23,008 shares of the company’s stock valued at $192,000 after buying an additional 9,942 shares in the last quarter. Paloma Partners Management Co bought a new stake in Veritone in the 2nd quarter valued at about $319,000. Creative Planning bought a new stake in Veritone in the 3rd quarter valued at about $361,000. Finally, Citadel Advisors LLC bought a new stake in Veritone in the 2nd quarter valued at about $366,000. 18.00% of the stock is owned by institutional investors and hedge funds.
Veritone Company Profile
Veritone, Inc provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that unlocks the power of cognitive computing to transform audio, video, and other unstructured data, as well as analyzes it in conjunction with structured data in an orchestrated and automated manner to generate actionable intelligence.
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