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Veritone (VERI) Gets a Buy Rating from Roth Capital

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In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Veritone (VERIResearch Report), with a price target of $42.00. The company’s shares closed last Monday at $16.40, close to its 52-week low of $13.06.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 28.3% and a 41.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as Argo Blockchain, Fathom Holdings, and Digital Turbine.

Veritone has an analyst consensus of Moderate Buy, with a price target consensus of $38.67.

See the top stocks recommended by analysts >>

Veritone’s market cap is currently $537.6M and has a P/E ratio of -7.28.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VERI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Veritone, Inc. engages in the provision of artificial intelligence (AI) computing solutions to media and entertainment, government, and legal and compliance industries. It operates through the following segments: Advertising; aiWARE SaaS Solutions; and aiWARE Content Licensing and Media Services. The Advertising segment places advertisements for clients, primarily with radio broadcasters, podcasters and digital media producers. The aiWARE SaaS Solutions segment offers solutions through a combination of its direct sales force and indirect channel partners such as value-added resellers (VARs), distributors, system integrators, managed services providers, and referral partners. The aiWARE Content Licensing and Media Services segment sells and markets activities relating to its digital content licensing services business through its direct sales force. The company was founded by Chad Steelberg and Ryan Steelberg in 2014 and is headquartered in Costa Mesa, CA.

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