Veritone - VERI Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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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%.

ETFs with the largest weight of Veritone (NASDAQ:VERI) stock in their portfolio include SoFi Web 3 ETF (TWEB), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) and SPDR S&P Kensho Intelligent Structures ETF (SIMS) and

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.

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.

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).

(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.

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

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

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.

The company employs 546 workers across the globe.

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.