Roth Capital analyst Darren Aftahi maintained a Buy rating on Veritone (VERI) yesterday and set a price target of $18.00. The company’s shares closed last Wednesday at $12.15.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 26.2% and a 55.2% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Mitek Systems, and Remark Media.
Veritone has an analyst consensus of Moderate Buy, with a price target consensus of $16.67, implying a 36.2% upside from current levels. In a report released today, Northland Securities also maintained a Buy rating on the stock with a $15.00 price target.
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The company has a one-year high of $19.67 and a one-year low of $1.22. Currently, Veritone has an average volume of 1.14M.
Based on the recent corporate insider activity of 18 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.
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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.
