Charles Schwab Investment Management Inc. bought a new position in shares of Veritone, Inc. (NASDAQ:VERI – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $66,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Clarity Capital Partners LLC acquired a new stake in Veritone during the fourth quarter worth approximately $34,000. Benjamin Edwards Inc. bought a new position in shares of Veritone during the third quarter worth approximately $65,000. Finally, XTX Topco Ltd acquired a new stake in Veritone during the 3rd quarter worth approximately $132,000. Institutional investors own 39.18% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Veritone in a report on Monday, March 17th. D. Boral Capital restated a “buy” rating and issued a $4.50 price target on shares of Veritone in a research note on Monday, March 17th. Finally, LADENBURG THALM/SH SH began coverage on shares of Veritone in a research report on Monday, March 17th. They set a “buy” rating and a $6.00 price target on the stock.
Veritone Price Performance
Veritone stock opened at $2.33 on Wednesday. The firm has a market cap of $93.62 million, a PE ratio of -1.08 and a beta of 3.43. The stock’s fifty day moving average price is $2.87 and its two-hundred day moving average price is $3.11. Veritone, Inc. has a one year low of $2.03 and a one year high of $7.76.
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.
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