Veritone downgraded to Sell from Neutral at Roth MKM

Roth MKM analyst Darren Aftahi downgraded Veritone to Sell from Neutral with a price target of $2, down from $3.50. The company reported a Q2 miss, guide down and $10M in unencumbered cash ending the June quarter, the analyst tells investors in a research note. The firm says the combination of sales declines, steeper operating losses, and a strained balance sheet suggest further pressure on shares.