Roth Capital analyst Darren Aftahi maintained a Buy rating on Veritone Inc (VERI – Research Report) today and set a price target of $15.50. The company’s shares closed yesterday at $6.36, close to its 52-week low of $3.65.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.4% and a 54.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Veritone Inc has an analyst consensus of Moderate Buy, with a price target consensus of $17.75.
Based on Veritone Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $17.78 million. In comparison, last year the company had a GAAP net loss of $12.79 million.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock.
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Veritone, Inc. engages in the development of cloud-based artificial intelligence media software. It provides a cloud-based solution available for media professionals to capture, index, search, and extend broadcast and digital content. Its products include content management, analytics, search and discovery, and share and extend.