Veritone, Inc. (NASDAQ:VERI) received a $31.00 price objective from equities research analysts at Craig Hallum in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 37.29% from the stock’s current price.

Several other research firms also recently commented on VERI. Zacks Investment Research upgraded Veritone from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Roth Capital restated a “buy” rating and set a $62.00 price objective (up previously from $13.20) on shares of Veritone in a report on Friday, September 29th. B. Riley downgraded Veritone from a “buy” rating to a “sell” rating and decreased their price objective for the company from $18.00 to $15.00 in a report on Tuesday, November 7th. Finally, Northland Securities set a $23.00 price objective on Veritone and gave the company a “buy” rating in a report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.50.

Shares of Veritone (VERI) traded down $0.32 during mid-day trading on Wednesday, hitting $22.58. The stock had a trading volume of 644,301 shares, compared to its average volume of 730,411. Veritone has a 12-month low of $7.76 and a 12-month high of $74.92.

Veritone (NASDAQ:VERI) last announced its quarterly earnings results on Monday, November 6th. The company reported ($1.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.88). The firm had revenue of $3.72 million for the quarter, compared to analyst estimates of $4.95 million. Veritone had a negative net margin of 416.28% and a negative return on equity of 1,887.29%. The business’s revenue for the quarter was up 60.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.49) earnings per share. sell-side analysts anticipate that Veritone will post -5.8 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VERI. Jane Street Group LLC bought a new stake in Veritone during the third quarter worth $1,107,000. First Republic Investment Management Inc. bought a new stake in Veritone during the third quarter worth $272,000. Schwab Charles Investment Management Inc. bought a new stake in Veritone during the third quarter worth $205,000. Wells Fargo & Company MN bought a new stake in Veritone during the third quarter worth $489,000. Finally, FNY Managed Accounts LLC bought a new stake in Veritone during the third quarter worth $521,000. Hedge funds and other institutional investors own 7.51% of the company’s stock.

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About Veritone

Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.

Analyst Recommendations for Veritone (NASDAQ:VERI)

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