Veritone (VERI) Stock Rating Reaffirmed by B. Riley
Veritone (NASDAQ:VERI)‘s stock had its “sell” rating reiterated by B. Riley in a note issued to investors on Thursday. They currently have a $15.00 price target on the stock. B. Riley’s price objective would suggest a potential downside of 37.19% from the stock’s previous close.
A number of other brokerages have also recently weighed in on VERI. Craig Hallum set a $31.00 price objective on shares of Veritone and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Northland Securities set a $19.00 price objective on shares of Veritone and gave the company a “buy” rating in a research note on Monday, August 28th. Roth Capital restated a “buy” rating and set a $62.00 price objective (up from $13.20) on shares of Veritone in a research note on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Veritone from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Veritone currently has a consensus rating of “Buy” and a consensus price target of $26.50.
Shares of Veritone (VERI) traded down $0.47 during midday trading on Thursday, hitting $23.88. 675,900 shares of the company were exchanged, compared to its average volume of 529,585. Veritone has a fifty-two week low of $7.76 and a fifty-two week high of $74.92.
A number of institutional investors have recently modified their holdings of VERI. Unterberg Capital LLC bought a new stake in Veritone in the second quarter worth about $937,000. White Pine Capital LLC bought a new stake in Veritone in the second quarter worth about $583,000. Uniplan Investment Counsel Inc. bought a new stake in Veritone in the second quarter worth about $5,740,000. Northern Trust Corp bought a new stake in Veritone in the second quarter worth about $269,000. Finally, Vanguard Group Inc. bought a new stake in Veritone in the second quarter worth about $132,000. Hedge funds and other institutional investors own 5.72% of the company’s stock.
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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