Veritone (NASDAQ:VERI) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

Stock analysts at LADENBURG THALM/SH SH started coverage on shares of Veritone (NASDAQ:VERI) in a research report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $6.00 price target on the stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 129.89% from the stock’s current price.

A number of other research analysts have also recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Veritone in a research note on Monday. D. Boral Capital reiterated a “buy” rating and set a $4.50 price objective on shares of Veritone in a research report on Monday.

Veritone Price Performance

Shares of NASDAQ:VERI opened at $2.61 on Monday. The company’s fifty day moving average price is $2.94 and its 200-day moving average price is $3.14. The firm has a market capitalization of $104.87 million, a price-to-earnings ratio of -1.21 and a beta of 3.43. Veritone has a one year low of $2.03 and a one year high of $7.76.

Hedge Funds Weigh In On Veritone

A number of large investors have recently added to or reduced their stakes in the business. Clarity Capital Partners LLC bought a new position in shares of Veritone during the fourth quarter valued at about $34,000. Bayesian Capital Management LP purchased a new stake in Veritone during the 4th quarter valued at about $39,000. LPL Financial LLC bought a new position in Veritone during the 4th quarter worth approximately $48,000. Benjamin Edwards Inc. bought a new position in Veritone during the 3rd quarter worth approximately $65,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Veritone in the 4th quarter worth approximately $66,000. Hedge funds and other 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.