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AMD   96.81 (-1.05%)
T   18.49 (+1.99%)
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NASDAQ:VERI

Veritone - VERI Stock Forecast, Price & News

$4.85
-0.12 (-2.41%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$4.78
$5.06
50-Day Range
$4.85
$9.97
52-Week Range
$4.57
$20.25
Volume
571,481 shs
Average Volume
888,503 shs
Market Capitalization
$175.23 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.75

Veritone MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
162.9% Upside
$12.75 Price Target
Short Interest
Bearish
12.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.59) to ($0.38) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Business Services Sector

228th out of 317 stocks

Data Processing & Preparation Industry

44th out of 65 stocks


VERI stock logo

About Veritone (NASDAQ:VERI) Stock

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 Edward Steelberg and Ryan S. Steelberg on June 13, 2014 and is headquartered in Denver, CO.

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VERI Stock News Headlines

Q4 2022 Veritone Inc Earnings Call
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
MDRX or VERI: Which Is the Better Value Stock Right Now?
Veritone Third Quarter 2022 Earnings: Beats Expectations
Veritone Reports Third Quarter 2022 Results
See More Headlines
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VERI Company Calendar

Last Earnings
3/02/2023
Today
3/20/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:VERI
Fax
N/A
Employees
546
Year Founded
2014

Price Target and Rating

Average Stock Price Forecast
$12.75
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+162.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-25,240,000.00
Pretax Margin
-28.11%

Debt

Sales & Book Value

Annual Sales
$149.73 million
Book Value
$2.30 per share

Miscellaneous

Free Float
26,306,000
Market Cap
$175.23 million
Optionable
Optionable
Beta
3.15

Social Links


Key Executives

  • Ryan S. SteelbergRyan S. Steelberg
    President, Chief Executive Officer & Director
  • Michael L. Zemetra
    Chief Financial Officer, Treasurer & Executive VP
  • Fleming Meng
    Chief Information Officer
  • Ben Xiang
    Senior Vice President-Development & Strategy
  • Albert Brown
    Senior Vice President-Engineering













VERI Stock - Frequently Asked Questions

Should I buy or sell Veritone stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VERI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VERI, but not buy additional shares or sell existing shares.
View VERI analyst ratings
or view top-rated stocks.

What is Veritone's stock price forecast for 2023?

3 equities research analysts have issued 12-month price objectives for Veritone's shares. Their VERI share price forecasts range from $10.00 to $18.00. On average, they expect the company's stock price to reach $12.75 in the next twelve months. This suggests a possible upside of 164.0% from the stock's current price.
View analysts price targets for VERI
or view top-rated stocks among Wall Street analysts.

How have VERI shares performed in 2023?

Veritone's stock was trading at $5.30 on January 1st, 2023. Since then, VERI stock has decreased by 8.9% and is now trading at $4.83.
View the best growth stocks for 2023 here
.

When is Veritone's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our VERI earnings forecast
.

How were Veritone's earnings last quarter?

Veritone, Inc. (NASDAQ:VERI) posted its quarterly earnings results on Thursday, March, 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.03. The business had revenue of $43.89 million for the quarter, compared to the consensus estimate of $44.46 million. Veritone had a negative net margin of 21.07% and a negative trailing twelve-month return on equity of 64.32%.

What ETFs hold Veritone's stock?
What guidance has Veritone issued on next quarter's earnings?

Veritone updated its first quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $29.50 million-$30.50 million, compared to the consensus revenue estimate of $33.89 million.

What is Chad Steelberg's approval rating as Veritone's CEO?

50 employees have rated Veritone Chief Executive Officer Chad Steelberg on Glassdoor.com. Chad Steelberg has an approval rating of 56% among the company's employees. This puts Chad Steelberg in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Veritone own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Veritone investors own include NVIDIA (NVDA), Energy Transfer (ET), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Enphase Energy (ENPH), Overstock.com (OSTK), Boeing (BA), AT&T (T) and Twilio (TWLO).

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 served as the underwriters for the IPO and Northland Capital Markets was co-manager.

What is Veritone's stock symbol?

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

Who are Veritone's major shareholders?

Veritone's stock is owned by a variety of retail and institutional investors. Top institutional investors include Banta Asset Management LP (6.31%), Private Management Group Inc. (2.86%), Handelsbanken Fonder AB (2.28%), Geode Capital Management LLC (1.60%), Granahan Investment Management LLC (0.82%) and Bank of America Corp DE (0.69%). Insiders that own company stock include G Louis Graziadio III, Richard H Taketa and Ryan Steelberg.
View institutional ownership trends
.

How do I buy shares of Veritone?

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

What is Veritone's stock price today?

One share of VERI stock can currently be purchased for approximately $4.83.

How much money does Veritone make?

Veritone (NASDAQ:VERI) has a market capitalization of $174.51 million and generates $149.73 million in revenue each year. The company earns $-25,240,000.00 in net income (profit) each year or ($1.23) on an earnings per share basis.

How many employees does Veritone have?

The company employs 546 workers across the globe.

Does Veritone have any subsidiaries?
The following companies are subsidiares of Veritone: Machine Box, Machine Box Inc, PandoLogic (formerly RealMatch), PandoLogic Inc, PandoLogic Ltd., Performance Bridge Media, Performance Bridge Media Inc, Veritone Alpha Inc., Veritone Digital Inc, Veritone Enterprise LLC, Veritone One Inc., Veritone Politics LLC, Veritone UK Ltd., Wazee Digital Inc., boston speech tech firm, and machine box inc.
Read More
How can I contact Veritone?

Veritone's mailing address is 575 ANTON BOULEVARD SUITE 100, COSTA MESA CA, 92626. The official website for the company is www.veritone.com. The company can be reached via phone at (888) 507-1737 or via email at investors@veritone.com.

This page (NASDAQ:VERI) was last updated on 3/20/2023 by MarketBeat.com Staff