Veritone (NASDAQ:VERI) Research Coverage Started at LADENBURG THALM/SH SH

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

Several other research firms have also recently weighed in on VERI. HC Wainwright restated a “buy” rating and issued a $6.00 price objective on shares of Veritone in a research report on Monday. D. Boral Capital restated a “buy” rating and issued a $4.50 price objective on shares of Veritone in a research report on Monday.

Veritone Trading Up 5.8 %

VERI stock opened at $2.75 on Monday. The company’s 50 day moving average is $2.90 and its 200 day moving average is $3.14. The stock has a market cap of $110.50 million, a price-to-earnings ratio of -1.27 and a beta of 3.43. Veritone has a 1-year low of $2.03 and a 1-year high of $7.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew 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 valued at $390,000 after acquiring an additional 92,150 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Veritone during the third quarter valued at approximately $65,000. Clarity Capital Partners LLC bought a new position in Veritone during the fourth quarter valued at approximately $34,000. XTX Topco Ltd bought a new position in Veritone during the third quarter valued at approximately $132,000. Finally, Squarepoint Ops LLC grew its position in Veritone by 39.6% during the fourth quarter. Squarepoint Ops LLC now owns 43,850 shares of the company’s stock valued at $144,000 after acquiring an additional 12,435 shares during the last quarter. 39.18% of the stock is currently owned by institutional investors.

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.