Veritone (VERI) Price Target Cut to $32.00

Veritone (NASDAQ:VERI) had its price target lowered by stock analysts at Roth Capital from $62.00 to $32.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Roth Capital’s price objective suggests a potential upside of 123.46% from the company’s previous close.

Other research analysts have also issued reports about the company. Craig Hallum set a $31.00 price objective on Veritone and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded Veritone from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. B. Riley reiterated a “sell” rating and issued a $15.00 price objective on shares of Veritone in a research report on Wednesday, November 15th. Finally, BidaskClub upgraded Veritone from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Veritone currently has an average rating of “Hold” and a consensus price target of $21.50.

Veritone (VERI) opened at $14.32 on Tuesday. Veritone has a 12-month low of $7.76 and a 12-month high of $74.92.

Several large investors have recently bought and sold shares of VERI. Allianz Asset Management GmbH bought a new position in shares of Veritone in the 4th quarter worth $2,207,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Veritone in the 4th quarter worth $2,091,000. BlackRock Inc. boosted its position in shares of Veritone by 19.4% in the 4th quarter. BlackRock Inc. now owns 217,379 shares of the company’s stock worth $5,043,000 after purchasing an additional 35,384 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Veritone in the 4th quarter worth $575,000. Finally, Jane Street Group LLC bought a new position in shares of Veritone in the 3rd quarter worth $1,107,000. Institutional investors and hedge funds own 8.37% of the company’s stock.

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Veritone Company Profile

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.

Analyst Recommendations for Veritone (NASDAQ:VERI)

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