Veritone (NASDAQ:VERI) Stock Rating Upgraded by Wall Street Zen

Veritone (NASDAQ:VERI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued reports about the stock. D. Boral Capital restated a “buy” rating and set a $6.00 target price on shares of Veritone in a report on Tuesday, September 2nd. D Boral Capital upgraded shares of Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $5.00.

Veritone Price Performance

Shares of VERI opened at $5.08 on Friday. The company has a market cap of $300.58 million, a price-to-earnings ratio of -6.12 and a beta of 3.05. Veritone has a 1-year low of $1.22 and a 1-year high of $6.43. The company’s fifty day simple moving average is $3.14 and its 200 day simple moving average is $2.34. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 89.57.

Institutional Investors Weigh In On Veritone

A number of institutional investors have recently modified their holdings of VERI. Northern Trust Corp boosted its position in shares of Veritone by 24.2% in the fourth 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. Jane Street Group LLC bought a new stake in shares of Veritone in the fourth quarter valued at about $130,000. Squarepoint Ops LLC boosted its position in shares of Veritone by 39.6% in the fourth 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. Capital Advisors Inc. OK bought a new stake in shares of Veritone in the first quarter valued at about $70,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Veritone in the first quarter valued at about $102,000. Institutional investors own 39.18% of the company’s stock.

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.