Veritone (NASDAQ:VERI) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

Equities research analysts at LADENBURG THALM/SH SH assumed coverage on shares of Veritone (NASDAQ:VERI) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set a “buy” rating and a $6.00 price target on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 129.89% from the stock’s current price.

A number of other research analysts have also commented on VERI. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of Veritone in a research report on Monday. D. Boral Capital restated a “buy” rating and set a $4.50 target price on shares of Veritone in a report on Monday.

Veritone Trading Up 11.5 %

Veritone stock opened at $2.61 on Monday. The firm has a 50-day moving average of $2.94 and a 200-day moving average of $3.14. The firm has a market cap of $104.87 million, a P/E ratio of -1.21 and a beta of 3.43. Veritone has a 1-year low of $2.03 and a 1-year high of $7.76.

Institutional Trading of Veritone

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