Veritone (NASDAQ:VERI) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

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

Several other research analysts have also recently issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Veritone in a report on Monday. D. Boral Capital reaffirmed a “buy” rating and issued a $4.50 price target on shares of Veritone in a research note on Monday.

Veritone Stock Performance

Shares of Veritone stock opened at $2.75 on Monday. Veritone has a 52-week low of $2.03 and a 52-week high of $7.76. The stock has a market capitalization of $110.50 million, a price-to-earnings ratio of -1.27 and a beta of 3.43. The company’s 50 day moving average price is $2.90 and its 200-day moving average price is $3.14.

Institutional Trading of Veritone

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors lifted its position in Veritone by 6.5% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 75,214 shares of the company’s stock valued at $247,000 after buying an additional 4,614 shares during the period. Squarepoint Ops LLC lifted 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 buying an additional 12,435 shares during the period. Bayesian Capital Management LP purchased a new position in Veritone during the fourth quarter valued at $39,000. Jane Street Group LLC purchased a new position in Veritone during the fourth quarter valued at $130,000. Finally, Northern Trust Corp lifted its position in Veritone by 24.2% during the fourth 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. Hedge funds and other institutional investors own 39.18% of the company’s stock.

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.