Roth Capital reaffirmed their buy rating on shares of Veritone, Inc. (NASDAQ:VERI) in a report released on Friday, MarketBeat reports. Roth Capital currently has a $62.00 price target on the stock, up from their previous price target of $13.20.

VERI has been the subject of a number of other reports. Zacks Investment Research upgraded Veritone from a sell rating to a hold rating in a research note on Saturday, September 23rd. Northland Securities set a $23.00 target price on shares of Veritone and gave the company a buy rating in a research report on Sunday, September 10th. Wunderlich assumed coverage on shares of Veritone in a research report on Tuesday, June 6th. They set a buy rating and a $18.00 price objective for the company. Craig Hallum assumed coverage on Veritone in a research report on Tuesday, June 6th. They issued a buy rating for the company. Finally, B. Riley reiterated a buy rating and issued a $18.00 target price on shares of Veritone in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Veritone currently has an average rating of Buy and a consensus price target of $26.20.

Shares of Veritone (VERI) opened at 49.71 on Friday. The company has a 50-day moving average of $26.57 and a 200-day moving average of $17.03. The company’s market cap is $743.51 million. Veritone has a 1-year low of $7.76 and a 1-year high of $74.92.

Veritone (NASDAQ:VERI) last released its earnings results on Monday, August 7th. The company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.20) by ($0.13). The firm had revenue of $4.09 million during the quarter, compared to the consensus estimate of $2.99 million. Equities analysts forecast that Veritone will post ($4.89) EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Spark Investment Management LLC bought a new stake in shares of Veritone during the second quarter valued at about $126,000. Vanguard Group Inc. bought a new position in shares of Veritone in the second quarter worth approximately $132,000. Northern Trust Corp purchased a new stake in Veritone in the second quarter valued at approximately $269,000. Perkins Capital Management Inc. purchased a new stake in Veritone in the second quarter valued at approximately $498,000. Finally, White Pine Capital LLC purchased a new stake in Veritone in the second quarter valued at approximately $583,000. 9.73% of the stock is owned by institutional investors.

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.

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