Veritone’s (VERI) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Veritone (NASDAQ:VERI) in a report issued on Monday morning,Benzinga reports. HC Wainwright currently has a $6.00 target price on the stock.

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

Veritone Price Performance

Shares of VERI stock opened at $2.75 on Monday. The stock has a market cap of $110.50 million, a P/E ratio of -1.27 and a beta of 3.43. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $3.14. Veritone has a one year low of $2.03 and a one year high of $7.76.

Hedge Funds Weigh In On Veritone

A number of hedge funds have recently bought and sold shares of VERI. GSA Capital Partners LLP increased its position in Veritone by 559.7% during the third quarter. GSA Capital Partners LLP now owns 108,614 shares of the company’s stock worth $390,000 after acquiring an additional 92,150 shares during the period. Jane Street Group LLC bought a new position in Veritone during the fourth quarter worth about $130,000. XTX Topco Ltd bought a new position in Veritone during the third quarter worth about $132,000. Barclays PLC increased its position in Veritone by 514.0% during the fourth quarter. Barclays PLC now owns 37,536 shares of the company’s stock worth $124,000 after acquiring an additional 31,423 shares during the period. Finally, Northern Trust Corp increased its holdings in Veritone by 24.2% in the 4th quarter. Northern Trust Corp now owns 146,105 shares of the company’s stock valued at $479,000 after buying an additional 28,510 shares during the period. 39.18% of the stock is 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.