Veritone (NASDAQ:VERI) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of Veritone (NASDAQ:VERI) in a report published on Monday, Marketbeat.com reports. The firm issued a buy rating and a $6.00 price objective on the stock.

Several other analysts also recently issued reports on VERI. D. Boral Capital restated a “buy” rating and issued a $4.50 price target on shares of Veritone in a research note on Monday. HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Veritone in a research note on Monday.

Veritone Price Performance

VERI opened at $2.78 on Monday. The business has a fifty day simple moving average of $2.92 and a 200 day simple moving average of $3.14. The company has a market capitalization of $111.70 million, a PE ratio of -1.29 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

Institutional investors have recently modified their holdings of the stock. Clarity Capital Partners LLC bought a new stake in shares of Veritone during the 4th quarter valued at $34,000. Bayesian Capital Management LP bought a new stake in shares of Veritone during the 4th quarter valued at $39,000. LPL Financial LLC bought a new stake in shares of Veritone during the 4th quarter worth $48,000. Benjamin Edwards Inc. bought a new stake in shares of Veritone during the 3rd quarter worth $65,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Veritone during the 4th quarter worth $66,000. 39.18% of the stock is currently owned by institutional investors.

Veritone Company Profile

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.