Veritone’s (VERI) “Buy” Rating Reaffirmed at HC Wainwright

Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $6.00 price target on the stock. HC Wainwright’s target price indicates a potential upside of 129.89% from the company’s current price.

Separately, D. Boral Capital reissued a “buy” rating and issued a $4.50 price target on shares of Veritone in a research note on Monday.

Veritone Trading Up 11.5 %

Shares of VERI stock opened at $2.61 on Monday. The company has a market capitalization of $104.87 million, a P/E ratio of -1.21 and a beta of 3.43. Veritone has a 12-month low of $2.03 and a 12-month high of $7.76. The business’s 50 day moving average is $2.94 and its two-hundred day moving average is $3.14.

Institutional Investors Weigh In On Veritone

Large investors have recently bought and sold shares of the company. Clarity Capital Partners LLC purchased a new position in shares of Veritone in the fourth quarter valued at approximately $34,000. Bayesian Capital Management LP purchased a new position in Veritone in the 4th quarter valued at $39,000. LPL Financial LLC acquired a new stake in Veritone during the 4th quarter worth $48,000. Benjamin Edwards Inc. purchased a new stake in shares of Veritone during the third quarter worth $65,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Veritone during the fourth quarter worth $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.