NASDAQ:VERI

Veritone Stock Forecast, Price & News

$39.84

+1.15 (+2.97 %)

(As of 01/19/2021 03:23 PM ET)

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Today's Range

$38.69

Now: $39.84▼

$41.35

50-Day Range

$20.86

MA: $29.16▼

$40.73

52-Week Range

$1.22

Now: $39.84▼

$42.23

Volume29,587 shs

Average Volume1.01 million shs

Market Capitalization$1.10 billion

P/E RatioN/A

Dividend YieldN/A

Beta3.55

Veritone, Inc. provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that integrates and orchestrates a range of cognitive engines to reveal multivariate insights from structured and unstructured data, as well as to conduct cognitive workflows based on these insights. 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 and entertainment, legal and compliance, and government markets. 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.

MarketRank^™

Overall MarketRank^™

0.84 out of 5 stars

1.3 Analyst's Opinion

Consensus Rating
Veritone has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $16.83, Veritone has a forecasted downside of 58.6% from its current price of $40.65.
Amount of Analyst Coverage
Veritone has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Veritone has received 289 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Veritone has received 330 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Veritone has received 53.31% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Veritone does not currently pay a dividend.
Dividend Growth
Veritone does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veritone insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $35,745.00 in company stock.
Percentage Held by Insiders
Only 25.60% of the stock of Veritone is held by insiders.
Percentage Held by Institutions
Only 28.10% of the stock of Veritone is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Veritone are expected to grow in the coming year, from ($1.69) to ($1.39) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veritone is -21.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veritone is -21.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Veritone has a P/B Ratio of 21.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryN/A

SectorBusiness Services

Current SymbolNASDAQ:VERI

Previous Symbol

CUSIPN/A

CIK1615165

Webwww.veritone.com

Phone888-507-1737

Employees277

Debt

Debt-to-Equity RatioN/A

Current Ratio1.16

Quick Ratio1.16

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$49.65 million

Price / Sales22.25

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.93 per share

Price / Book20.64

Profitability

EPS (Most Recent Fiscal Year)($2.85)

Net Income$-62,080,000.00

Net Margins-94.44%

Return on Equity-122.72%

Return on Assets-45.63%

Miscellaneous

Outstanding Shares27,730,000

Market Cap$1.10 billion

Next Earnings Date3/3/2021 (Estimated)

OptionableOptionable

$39.84

+1.15 (+2.97 %)

(As of 01/19/2021 03:23 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Veritone (NASDAQ:VERI) Frequently Asked Questions

How has Veritone's stock been impacted by COVID-19?

Veritone's stock was trading at $2.14 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VERI stock has increased by 1,770.1% and is now trading at $40.02.
View which stocks have been most impacted by COVID-19.

Is Veritone a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Veritone stock.
View analyst ratings for Veritone or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Veritone?

Wall Street analysts have given Veritone a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Veritone wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Veritone's next earnings date?

Veritone is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for Veritone.

How were Veritone's earnings last quarter?

Veritone, Inc. (NASDAQ:VERI) released its quarterly earnings data on Monday, November, 9th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.05. The firm earned $15.72 million during the quarter, compared to analyst estimates of $14.39 million. Veritone had a negative return on equity of 122.72% and a negative net margin of 94.44%.
View Veritone's earnings history.

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

Veritone updated its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $16-16.4 million, compared to the consensus revenue estimate of $14.95 million.

What price target have analysts set for VERI?

6 analysts have issued 12 month target prices for Veritone's stock. Their forecasts range from $6.00 to $31.00. On average, they expect Veritone's stock price to reach $16.83 in the next year. This suggests that the stock has a possible downside of 57.9%.
View analysts' price targets for Veritone or view Wall Street analyst' top-rated stocks.

Are investors shorting Veritone?

Veritone saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 2,680,000 shares, a decrease of 41.9% from the December 15th total of 4,610,000 shares. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is currently 2.2 days.
View Veritone's Short Interest.

Who are some of Veritone's key competitors?

Some companies that are related to Veritone include Perspecta (PRSP), Inovalon (INOV), 8X8 (EGHT), CarGurus (CARG), EVERTEC (EVTC), Shutterstock (SSTK), Liberty TripAdvisor (LTRPB), Skillz (SKLZ), Flying Eagle Acquisition (FEAC), Global Blue Group (GB), SciPlay (SCPL), Yext (YEXT), Computer Services (CSVI), CSG Systems International (CSGS) and So-Young International (SY).
View all of VERI's competitors.

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), The Boeing (BA), AT&T (T) and Twilio (TWLO).

Who are Veritone's key executives?

Veritone's management team includes the following people:

Mr. Chad Steelberg, Chairman & CEO (Age 49, Pay $285.41k)
Mr. Ryan Scott Steelberg, Co-Founder, Pres & Director (Age 47, Pay $280.81k)
Mr. Jeffrey B. Coyne, Exec. VP, Gen. Counsel & Sec. (Age 54, Pay $255.54k)
Mr. Nathaniel L. Checketts, Advisor (Age 38, Pay $20k)
Mr. Michael L. Zemetra, Exec. VP, Chief Financial Officer & Treasurer (Age 50)
Mr. Scott Bogdan, Sr. VP of Operations
Mr. Brian Matthew Alger C.F.A., CFA, Sr. VP of Corp. Devel. & Investor Relations
Mr. Thor Valdmanis, Sr. VP of Corp. Communications
Mr. Locke Truong, VP of Marketing for Media & Entertainment and Monetization
Mr. John R. Newsom, Exec. VP (Age 59)

When did Veritone IPO?

(VERI) raised $20 million in an initial public offering on Friday, May 12th 2017. The company issued 1,300,000 shares at $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."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Veritone's stock price today?

One share of VERI stock can currently be purchased for approximately $40.02.

How big of a company is Veritone?

Veritone has a market capitalization of $1.11 billion and generates $49.65 million in revenue each year. The company earns $-62,080,000.00 in net income (profit) each year or ($2.85) on an earnings per share basis. Veritone employs 277 workers across the globe.

What is Veritone's official website?

The official website for Veritone is 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]

This page was last updated on 1/19/2021 by MarketBeat.com Staff

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