Veritone, Inc. (VERI) Given a $19.00 Price Target by Northland Securities Analysts

Veritone, Inc. (NASDAQ:VERI) has been assigned a $19.00 price target by research analysts at Northland Securities in a research note issued on Wednesday, July 19th. The brokerage presently has a “buy” rating on the stock. Northland Securities’ price objective indicates a potential upside of 128.37% from the stock’s current price.

Other analysts also recently issued reports about the stock. Wunderlich reiterated a “buy” rating and issued a $18.00 price target on shares of Veritone in a research report on Wednesday, June 21st. Craig Hallum started coverage on shares of Veritone in a report on Tuesday, June 6th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Veritone currently has an average rating of “Buy” and an average target price of $15.64.

Shares of Veritone (NASDAQ:VERI) traded up 3.74% during trading on Wednesday, hitting $8.32. 116,775 shares of the company were exchanged. The stock’s market cap is $124.43 million. Veritone has a 12 month low of $7.80 and a 12 month high of $15.64. The company’s 50-day moving average price is $10.39 and its 200 day moving average price is $11.64.

Veritone (NASDAQ:VERI) last announced its quarterly earnings results on Monday, August 7th. The company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.20) by $0.13. The company had revenue of $4.09 million for the quarter, compared to analyst estimates of $2.99 million. On average, equities analysts predict that Veritone will post ($4.42) earnings per share for the current fiscal year.

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In other Veritone news, Director G Louis Graziadio III acquired 24,780 shares of the stock in a transaction dated Tuesday, May 16th. The shares were bought at an average cost of $11.67 per share, for a total transaction of $289,182.60. Following the completion of the acquisition, the director now directly owns 82,349 shares of the company’s stock, valued at $961,012.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional investors have recently added to or reduced their stakes in the stock. Perkins Capital Management Inc. bought a new position in Veritone during the second quarter worth approximately $498,000. B. Riley Financial Inc. bought a new position in Veritone during the second quarter worth approximately $2,022,000. Vanguard Group Inc. bought a new position in Veritone during the second quarter worth approximately $132,000. Northern Trust Corp bought a new position in Veritone during the second quarter worth approximately $269,000. Finally, Uniplan Investment Counsel Inc. bought a new position in Veritone during the second quarter worth approximately $5,740,000. 0.37% of the stock is owned by institutional investors and hedge funds.

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.

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