Veritone’s (VERI) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Veritone (NASDAQ:VERI) in a research note released on Friday morning,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Veritone from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. D. Boral Capital reiterated a “buy” rating on shares of Veritone in a report on Wednesday, October 15th. HC Wainwright lifted their price objective on shares of Veritone from $6.00 to $9.00 and gave the company a “buy” rating in a report on Monday, October 20th. D Boral Capital upgraded shares of Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. Finally, Needham & Company LLC began coverage on shares of Veritone in a report on Thursday. They set a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.60.

Veritone Trading Up 16.9%

NASDAQ:VERI opened at $7.18 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 89.57. The stock has a market capitalization of $424.84 million, a price-to-earnings ratio of -8.65 and a beta of 3.23. The firm has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $2.79. Veritone has a 12 month low of $1.22 and a 12 month high of $9.42.

Institutional Trading of Veritone

Several hedge funds have recently added to or reduced their stakes in the stock. Connective Capital Management LLC bought a new stake in Veritone in the second quarter worth about $657,000. Geode Capital Management LLC raised its position in Veritone by 4.2% in the second quarter. Geode Capital Management LLC now owns 480,842 shares of the company’s stock worth $606,000 after acquiring an additional 19,597 shares during the period. Ground Swell Capital LLC bought a new stake in Veritone in the second quarter worth about $27,000. Freedom Investment Management Inc. raised its position in shares of Veritone by 6.3% in the second quarter. Freedom Investment Management Inc. now owns 117,572 shares of the company’s stock valued at $148,000 after purchasing an additional 6,954 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Veritone in the first quarter valued at approximately $315,000. Institutional investors own 39.18% of the company’s stock.

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.