Veritone (NASDAQ:VERI) Receives Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Veritone (NASDAQ:VERI) in a report released on Monday,Benzinga reports. The brokerage currently has a $6.00 price target on the stock.

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $4.50 target price on shares of Veritone in a research report on Monday.

Veritone Price Performance

Shares of VERI stock opened at $2.78 on Monday. The stock has a market cap of $111.70 million, a P/E ratio of -1.29 and a beta of 3.43. Veritone has a one year low of $2.03 and a one year high of $7.76. The stock has a fifty day moving average price of $2.92 and a 200 day moving average price of $3.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clarity Capital Partners LLC acquired a new position in Veritone during the fourth quarter worth $34,000. Bayesian Capital Management LP acquired a new position in Veritone during the fourth quarter worth $39,000. LPL Financial LLC acquired a new position in Veritone during the fourth quarter worth $48,000. Benjamin Edwards Inc. acquired a new position in Veritone during the third quarter worth $65,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Veritone during the fourth quarter worth $66,000. 39.18% of the stock is owned by institutional investors.

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.