Veritone (NASDAQ:VERI) Coverage Initiated by Analysts at D. Boral Capital

D. Boral Capital began coverage on shares of Veritone (NASDAQ:VERI) in a research note released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $4.50 target price on the stock.

Separately, UBS Group raised Veritone from a “sell” rating to a “neutral” rating and set a $3.50 price objective for the company in a report on Wednesday, October 30th.

Veritone Trading Down 1.7 %

NASDAQ VERI opened at $3.39 on Monday. The company has a market cap of $136.21 million, a PE ratio of -1.57 and a beta of 3.15. Veritone has a 12 month low of $1.65 and a 12 month high of $7.76. The stock has a 50 day moving average of $2.87 and a 200-day moving average of $3.16.

Insider Activity at Veritone

In other Veritone news, Director Chad Steelberg sold 504,657 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $2.52, for a total transaction of $1,271,735.64. Following the transaction, the director now owns 31,861 shares in the company, valued at $80,289.72. This trade represents a 94.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.60% of the stock is owned by company insiders.

Institutional Trading of Veritone

Large investors have recently modified their holdings of the stock. Clarity Capital Partners LLC acquired a new stake in shares of Veritone during the 4th quarter worth $34,000. Benjamin Edwards Inc. acquired a new stake in shares of Veritone during the 3rd quarter worth $65,000. Bfsg LLC grew its holdings in shares of Veritone by 13.4% during the 3rd quarter. Bfsg LLC now owns 23,450 shares of the company’s stock worth $84,000 after purchasing an additional 2,775 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Veritone during the 3rd quarter worth $132,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Veritone during the 2nd quarter worth $203,000. 39.18% of the stock is owned by institutional investors and hedge funds.

About Veritone

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.