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

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They presently have a $6.00 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 129.89% from the stock’s current price.

Separately, D. Boral Capital restated a “buy” rating and issued a $4.50 price objective on shares of Veritone in a research note on Monday.

Veritone Price Performance

Shares of VERI stock opened at $2.61 on Monday. The business has a fifty day moving average of $2.94 and a 200 day moving average of $3.14. Veritone has a 1 year low of $2.03 and a 1 year high of $7.76. The firm has a market capitalization of $104.87 million, a price-to-earnings ratio of -1.21 and a beta of 3.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clarity Capital Partners LLC acquired a new stake in Veritone during the 4th quarter worth about $34,000. Bayesian Capital Management LP purchased a new position in Veritone during the fourth quarter valued at approximately $39,000. LPL Financial LLC acquired a new position in Veritone in the fourth quarter valued at approximately $48,000. Benjamin Edwards Inc. purchased a new stake in Veritone in the 3rd quarter worth approximately $65,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Veritone during the 4th quarter worth approximately $66,000. 39.18% of the stock is currently owned by institutional investors and hedge funds.

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.