NASDAQ:VERI - Veritone Stock Price, News, & Analysis

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$7.97 -0.23 (-2.80 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$8.20
Today's Range$7.60 - $8.23
52-Week Range$3.65 - $24.76
Volume490,026 shs
Average Volume406,912 shs
Market Capitalization$160.99 million
P/E RatioN/A
Dividend YieldN/A
Beta2.81
Veritone, Inc. provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that unlocks the power of cognitive computing to transform audio, video, and other unstructured data, as well as analyzes it in conjunction with structured data in an orchestrated and automated manner to generate actionable intelligence. The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants. It serves media owners and broadcasters; legal and compliance markets, including consulting firms, managed services providers, large law firms and corporate legal departments, financial services, and healthcare and other companies; state, local, federal, and international law enforcement agencies, intelligence agencies, and other governmental agencies, as well as resellers and system integrators; and politics market, including political parties, elected officials and political campaigns, political action committees, and special interest groups. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was founded in 2014 and is headquartered in Costa Mesa, California.

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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorBusiness Services
Current SymbolNASDAQ:VERI
CUSIPN/A
Phone888-507-1737

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$27.05 million
Book Value$2.85 per share

Profitability

Net Income$-61,100,000.00
Net Margins-185.03%

Miscellaneous

EmployeesN/A
Market Cap$160.99 million
Next Earnings Date8/12/2019 (Estimated)
OptionableOptionable

Veritone (NASDAQ:VERI) Frequently Asked Questions

What is Veritone's stock symbol?

Veritone trades on the NASDAQ under the ticker symbol "VERI."

How were Veritone's earnings last quarter?

Veritone Inc (NASDAQ:VERI) posted its quarterly earnings results on Wednesday, May, 8th. The company reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.89) by $0.41. The firm had revenue of $12.13 million for the quarter, compared to the consensus estimate of $11.58 million. Veritone had a negative net margin of 185.03% and a negative return on equity of 86.72%. The company's revenue for the quarter was up 176.3% on a year-over-year basis. During the same period last year, the firm posted ($0.81) earnings per share. View Veritone's Earnings History.

When is Veritone's next earnings date?

Veritone is scheduled to release their next quarterly earnings announcement on Monday, August 12th 2019. View Earnings Estimates for Veritone.

What price target have analysts set for VERI?

6 brokers have issued 12 month target prices for Veritone's stock. Their predictions range from $9.00 to $20.00. On average, they expect Veritone's share price to reach $13.3333 in the next year. This suggests a possible upside of 66.3% from the stock's current price. View Analyst Price Targets for Veritone.

What is the consensus analysts' recommendation for Veritone?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Veritone.

What are Wall Street analysts saying about Veritone stock?

Here are some recent quotes from research analysts about Veritone stock:
  • 1. According to Zacks Investment Research, "Veritone, Inc. is an artificial intelligence company. It developed the Veritone Platform, which unlocks the power of AI-based cognitive computing to transform and analyze unstructured public and private audio and video data for clients in the media, politics, legal and law enforcement industries. Veritone, Inc. is based in Newport Beach, United States. " (5/9/2019)
  • 2. Northland Securities analysts commented, "We believe Wazee content revenue is seasonally strong in 2Qs, followed by 1Q and 3Q, with 4Q lowest. Sees EBITDA improvements in FY19 v. FY18 and expect loss percent to decline y/y every quarter. The guidance excludes any revenue from potential contract within the government vertical for aiWARE despite three pilot projects that are ongoing. This makes us believe that guidance is conservative and there could be significant upside should any or all of the pilot projects are converted. Revs could be material in 4Q. Further, as we discuss on the next page, the upcoming laws with law enforcement agencies that aim to bring transparency could drive demand for Veritone’s Redact and Identify." (5/9/2019)

Has Veritone been receiving favorable news coverage?

Media headlines about VERI stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Veritone earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of Veritone's key competitors?

What other stocks do shareholders of Veritone own?

Who are Veritone's key executives?

Veritone's management team includes the folowing people:
  • Mr. Chad Steelberg, Chairman & CEO (Age 47)
  • Mr. Ryan Steelberg, Pres & Director (Age 45)
  • Mr. Peter F. Collins, Exec. VP & CFO (Age 54)
  • Mr. Jeffrey B. Coyne, Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. John A. Ganley, Exec. VP & Chief HR Officer (Age 71)

When did Veritone IPO?

(VERI) raised $20 million in an IPO on Friday, May 12th 2017. The company issued 1,300,000 shares at a price of $14.00-$16.00 per share. Wunderlich and Craig-Hallum Capital Group acted as the underwriters for the IPO and Northland Capital Markets was co-manager.

Who are Veritone's major shareholders?

Veritone's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.51%), Perkins Capital Management Inc. (1.24%), Renaissance Technologies LLC (0.89%), Northern Trust Corp (0.50%), Citigroup Inc. (0.45%) and Wellington Management Group LLP (0.37%). Company insiders that own Veritone stock include Chad Steelberg, G Louis Graziadio III, Peter F Collins and Research Corp Acacia. View Institutional Ownership Trends for Veritone.

Which major investors are selling Veritone stock?

VERI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Wellington Management Group LLP, Sumitomo Mitsui Asset Management Company LTD, BlackRock Inc. and Raymond James Financial Services Advisors Inc.. View Insider Buying and Selling for Veritone.

Which major investors are buying Veritone stock?

VERI stock was bought by a variety of institutional investors in the last quarter, including Perkins Capital Management Inc., Renaissance Technologies LLC, Citigroup Inc., MML Investors Services LLC, Vanguard Capital Wealth Advisors, Parametric Portfolio Associates LLC, Charles Schwab Investment Management Inc. and Spark Investment Management LLC. Company insiders that have bought Veritone stock in the last two years include Chad Steelberg, G Louis Graziadio III and Peter F Collins. View Insider Buying and Selling for Veritone.

How do I buy shares of Veritone?

Shares of VERI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Veritone's stock price today?

One share of VERI stock can currently be purchased for approximately $8.02.

How big of a company is Veritone?

Veritone has a market capitalization of $162.00 million and generates $27.05 million in revenue each year. The company earns $-61,100,000.00 in net income (profit) each year or ($3.48) on an earnings per share basis.

What is Veritone's official website?

The official website for Veritone is http://www.veritone.com.

How can I contact Veritone?

Veritone's mailing address is 575 ANTON BOULEVARD SUITE 100, COSTA MESA CA, 92626. The company can be reached via phone at 888-507-1737 or via email at [email protected]


MarketBeat Community Rating for Veritone (NASDAQ VERI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  199 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  452
MarketBeat's community ratings are surveys of what our community members think about Veritone and other stocks. Vote "Outperform" if you believe VERI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VERI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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