Veritone, Inc. (NASDAQ:VERI) Receives $8.75 Average Price Target from Analysts
by Jessica Moore · The Cerbat GemShares of Veritone, Inc. (NASDAQ:VERI – Get Free Report) have received an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $7.25.
Several equities analysts recently issued reports on VERI shares. Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. D. Boral Capital restated a “buy” rating and issued a $8.00 target price on shares of Veritone in a report on Wednesday. HC Wainwright reissued a “buy” rating and issued a $9.00 price target on shares of Veritone in a research report on Monday, March 30th. Finally, Wall Street Zen lowered shares of Veritone from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st.
View Our Latest Analysis on VERI
Veritone Stock Performance
Shares of Veritone stock opened at $2.15 on Wednesday. The company’s fifty day moving average is $2.62 and its 200 day moving average is $4.19. Veritone has a twelve month low of $1.22 and a twelve month high of $9.42. The stock has a market cap of $199.84 million, a price-to-earnings ratio of -3.21 and a beta of 2.36. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77.
Veritone (NASDAQ:VERI – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported $999.00 EPS for the quarter. Veritone had a negative return on equity of 361.72% and a negative net margin of 42.60%.
Institutional Investors Weigh In On Veritone
Large investors have recently modified their holdings of the stock. State of Wyoming purchased a new position in shares of Veritone during the 4th quarter valued at $25,000. Franklin Resources Inc. purchased a new stake in Veritone during the third quarter valued at about $50,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Veritone during the third quarter valued at approximately $80,000. Jefferies Financial Group Inc. purchased a new stake in shares of Veritone during the third quarter valued at approximately $82,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Veritone during the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 39.18% of the company’s stock.
Veritone Company Profile
Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.
Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.