Veritone (NASDAQ:VERI)‘s stock had its “buy” rating reissued by analysts at Craig Hallum in a report issued on Tuesday. They currently have a $23.00 target price on the stock, down from their previous target price of $31.00. Craig Hallum’s price objective suggests a potential upside of 64.87% from the company’s previous close.
Several other analysts have also issued reports on the company. B. Riley cut their price target on Veritone from $15.00 to $10.00 and set a “sell” rating for the company in a report on Tuesday. Zacks Investment Research lowered Veritone from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Roth Capital cut their price target on Veritone from $62.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Finally, BidaskClub lowered Veritone from a “sell” rating to a “strong sell” rating in a report on Sunday, February 4th. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. Veritone currently has an average rating of “Hold” and a consensus target price of $19.33.
Shares of Veritone (NASDAQ VERI) opened at $13.95 on Tuesday. Veritone has a fifty-two week low of $7.76 and a fifty-two week high of $74.92. The stock has a market capitalization of $288.20 and a PE ratio of -1.71.
Several institutional investors have recently made changes to their positions in VERI. SG Americas Securities LLC purchased a new position in shares of Veritone in the third quarter valued at about $132,000. Vanguard Group Inc. purchased a new position in shares of Veritone in the second quarter valued at about $132,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Veritone in the third quarter valued at about $205,000. Mycio Wealth Partners LLC purchased a new position in shares of Veritone in the fourth quarter valued at about $255,000. Finally, Quantbot Technologies LP purchased a new position in shares of Veritone in the third quarter valued at about $263,000. Institutional investors and hedge funds own 8.37% of the company’s stock.
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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