B. Riley reissued their sell rating on shares of Veritone, Inc. (NASDAQ:VERI) in a research note issued to investors on Wednesday morning. B. Riley currently has a $15.00 price target on the stock.

VERI has been the topic of a number of other reports. Northland Securities set a $19.00 price target on Veritone and gave the stock a buy rating in a report on Monday, August 28th. Zacks Investment Research upgraded Veritone from a sell rating to a hold rating in a report on Saturday, September 23rd. Finally, Roth Capital reiterated a buy rating and set a $62.00 price target (up from $13.20) on shares of Veritone in a report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $25.60.

Shares of Veritone (NASDAQ VERI) traded down $2.05 during trading on Wednesday, reaching $26.93. The company had a trading volume of 1,986,500 shares, compared to its average volume of 453,716. Veritone has a 1-year low of $7.76 and a 1-year high of $74.92.

Veritone (NASDAQ:VERI) last issued its quarterly earnings results on Monday, November 6th. The company reported ($1.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.88). The business had revenue of $3.72 million for the quarter, compared to the consensus estimate of $4.95 million. Veritone had a negative return on equity of 1,887.29% and a negative net margin of 416.28%. The business’s revenue was up 60.3% compared to the same quarter last year. During the same quarter last year, the business posted ($3.49) earnings per share. analysts anticipate that Veritone will post -5.22 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/11/16/veritone-inc-veri-receives-sell-rating-from-b-riley.html.

A number of large investors have recently added to or reduced their stakes in the business. Uniplan Investment Counsel Inc. purchased a new stake in Veritone in the second quarter worth $5,740,000. B. Riley Financial Inc. purchased a new stake in Veritone in the second quarter worth $2,022,000. Manatuck Hill Partners LLC purchased a new stake in Veritone in the second quarter worth $1,757,000. Unterberg Capital LLC purchased a new stake in Veritone in the second quarter worth $937,000. Finally, UBS Oconnor LLC purchased a new stake in Veritone in the second quarter worth $586,000. 8.43% 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.

Analyst Recommendations for Veritone (NASDAQ:VERI)

Receive News & Ratings for Veritone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.