Veritone (NASDAQ:VERI) had its price objective reduced by analysts at B. Riley from $15.00 to $10.00 in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a “sell” rating on the stock. B. Riley’s price objective points to a potential downside of 28.32% from the stock’s current price.
VERI has been the subject of several other research reports. Zacks Investment Research reiterated a “hold” rating on shares of Veritone in a research note on Saturday, January 13th. Craig Hallum set a $31.00 target price on shares of Veritone and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. BidaskClub downgraded shares of Veritone from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Finally, Roth Capital decreased their target price on shares of Veritone from $62.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.33.
Veritone (NASDAQ:VERI) opened at $13.95 on Tuesday. The stock has a market capitalization of $288.20 and a PE ratio of -1.71. Veritone has a twelve month low of $7.76 and a twelve month high of $74.92.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Veritone during the third quarter worth about $132,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Veritone during the third quarter worth about $205,000. Quantbot Technologies LP acquired a new stake in shares of Veritone during the third quarter worth about $263,000. First Republic Investment Management Inc. acquired a new stake in shares of Veritone during the third quarter worth about $272,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Veritone during the third quarter worth about $489,000. Institutional investors and hedge funds own 8.37% of the company’s stock.
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Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
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