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Veritone Stock Price, Forecast & Analysis (NASDAQ:VERI)

$2.62
-0.07 (-2.60 %)
(As of 11/15/2019 04:46 AM ET)
Today's Range
$2.62
Now: $2.62
$2.70
50-Day Range
$2.46
MA: $3.05
$3.85
52-Week Range
$2.43
Now: $2.62
$9.98
Volume150,500 shs
Average Volume549,600 shs
Market Capitalization$64.48 million
P/E RatioN/A
Dividend YieldN/A
Beta1.37
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. Read More…

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$3.12 per share

Profitability

Net Income$-61,100,000.00
Net Margins-134.96%

Miscellaneous

EmployeesN/A
Market Cap$64.48 million
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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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) announced its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.43) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.78) by $0.35. The firm had revenue of $12.81 million for the quarter, compared to analyst estimates of $12.75 million. Veritone had a negative return on equity of 100.93% and a negative net margin of 134.96%. Veritone's quarterly revenue was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.46) 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 Thursday, February 20th 2020. View Earnings Estimates for Veritone.

What price target have analysts set for VERI?

3 brokerages have issued 1-year target prices for Veritone's shares. Their forecasts range from $3.00 to $10.00. On average, they anticipate Veritone's share price to reach $6.67 in the next year. This suggests a possible upside of 154.5% from the stock's current price. View Analyst Price Targets for Veritone.

What is the consensus analysts' recommendation for Veritone?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 1 hold rating and 2 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. " (10/12/2019)
  • 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?

Press coverage about VERI stock has trended somewhat negative on Friday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Veritone earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Veritone.

Are investors shorting Veritone?

Veritone saw a increase in short interest in October. As of October 31st, there was short interest totalling 3,080,000 shares, an increase of 18.9% from the September 30th total of 2,590,000 shares. Based on an average trading volume of 474,300 shares, the short-interest ratio is presently 6.5 days. Approximately 18.5% of the company's shares are sold short. View Veritone's Current Options Chain.

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 initial public offering (IPO) 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.

Who are Veritone's major shareholders?

Veritone's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Perkins Capital Management Inc. (1.36%), Creative Planning (0.46%) and Vanguard Capital Wealth Advisors (0.31%). Company insiders that own Veritone stock include Chad Steelberg, G Louis Graziadio III, Peter F Collins, Research Corp Acacia, Richard H Taketa and Ryan Steelberg. 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 Perkins Capital Management Inc. and Vanguard Capital Wealth Advisors. View Insider Buying and Selling for Veritone.

Which major investors are buying Veritone stock?

VERI stock was acquired by a variety of institutional investors in the last quarter, including Creative Planning. Company insiders that have bought Veritone stock in the last two years include Chad Steelberg, G Louis Graziadio III, Peter F Collins, Richard H Taketa and Ryan Steelberg. 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, Robinhood, Fidelity and Charles Schwab.

What is Veritone's stock price today?

One share of VERI stock can currently be purchased for approximately $2.62.

How big of a company is Veritone?

Veritone has a market capitalization of $64.48 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. View Additional Information About Veritone.

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:  2.3 out of 5 (star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  523
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 11/15/2019 by MarketBeat.com Staff

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