Veritone (NASDAQ:VERI) Receives “Buy” Rating from D. Boral Capital

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating restated by analysts at D. Boral Capital in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $23.00 price objective on the stock. D. Boral Capital’s price objective would indicate a potential upside of 434.88% from the stock’s previous close.

VERI has been the topic of a number of other reports. D Boral Capital raised Veritone to a “strong-buy” rating in a research report on Tuesday, September 2nd. Needham & Company LLC initiated coverage on shares of Veritone in a research note on Thursday, October 23rd. They set a “buy” rating and a $10.00 target price on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, October 8th. HC Wainwright upped their price target on shares of Veritone from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised shares of Veritone from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Veritone Trading Down 1.4%

Shares of VERI stock opened at $4.30 on Tuesday. Veritone has a 1 year low of $1.22 and a 1 year high of $9.42. The firm has a fifty day moving average price of $5.41 and a 200-day moving average price of $3.36. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $394.78 million, a price-to-earnings ratio of -6.42 and a beta of 2.05.

Veritone (NASDAQ:VERI) last announced its earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The company had revenue of $29.12 million for the quarter, compared to analysts’ expectations of $28.69 million. Veritone had a negative return on equity of 361.72% and a negative net margin of 42.60%. Veritone has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Trading of Veritone

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Veritone by 398.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 30,122 shares of the company’s stock valued at $145,000 after purchasing an additional 24,084 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Veritone in the third quarter worth about $702,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Veritone in the third quarter worth about $80,000. Bank of America Corp DE boosted its stake in Veritone by 195.7% during the third quarter. Bank of America Corp DE now owns 37,982 shares of the company’s stock valued at $183,000 after buying an additional 25,137 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Veritone during the third quarter valued at approximately $484,000. 39.18% of the stock is currently owned by institutional investors.

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.