Veritone’s (VERI) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Veritone (NASDAQ:VERI) in a research report report published on Monday morning,Benzinga reports. The firm currently has a $9.00 target price on the stock.

Several other equities analysts have also recently issued reports on VERI. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Veritone in a research report on Tuesday, December 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. D. Boral Capital reaffirmed a “buy” rating and set a $14.00 price target on shares of Veritone in a report on Friday, March 27th. Finally, Wall Street Zen cut Veritone from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.75.

Veritone Trading Down 9.1%

NASDAQ:VERI opened at $1.79 on Monday. The stock has a market cap of $164.33 million, a price-to-earnings ratio of -2.67 and a beta of 2.16. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. The company’s 50 day moving average price is $3.02 and its 200-day moving average price is $4.42. Veritone has a 52 week low of $1.22 and a 52 week high of $9.42.

Institutional Trading of Veritone

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new position in shares of Veritone in the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its stake in shares of Veritone by 17.3% during the 4th quarter. Farther Finance Advisors LLC now owns 44,090 shares of the company’s stock valued at $205,000 after acquiring an additional 6,500 shares during the period. Vanguard Capital Wealth Advisors increased its holdings in Veritone by 11.0% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 71,450 shares of the company’s stock worth $332,000 after acquiring an additional 7,100 shares in the last quarter. Franklin Resources Inc. increased its holdings in Veritone by 78.3% in the 4th quarter. Franklin Resources Inc. now owns 18,325 shares of the company’s stock worth $85,000 after acquiring an additional 8,045 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its stake in Veritone by 47.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 25,130 shares of the company’s stock worth $117,000 after acquiring an additional 8,130 shares during the period. Hedge funds and other institutional investors own 39.18% of the company’s stock.

About Veritone

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.