NASDAQ:VERI

Veritone Stock Forecast, Price & News

$23.00
+0.25 (+1.10 %)
(As of 06/18/2021 01:48 PM ET)
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Today's Range
$22.24
$23.39
50-Day Range
$17.09
$27.51
52-Week Range
$6.63
$50.34
Volume21,569 shs
Average Volume790,840 shs
Market Capitalization$751.73 million
P/E RatioN/A
Dividend YieldN/A
Beta3.22
30 days | 90 days | 365 days | Advanced Chart
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Veritone logo

About Veritone

Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. The company develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as cognitive queries, predictions, correlations, and analyses in real-time using AI models in various categories comprising transcription, face recognition, and object recognition to reveal valuable insights from vast amounts of structured and unstructured data. It also provides media advertising agency services, including media planning and strategy, advertisement 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. The company serves media and entertainment, government, legal and compliance, energy, and other vertical markets. It has a strategic relationship with Alteryx, Inc. to power the Alteryx analytic process automation platform with New, advanced AI capabilities. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was incorporated in 2014 and is headquartered in Denver, Colorado.

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MarketRank

Overall MarketRank

1.40 out of 5 stars

Business Services Sector

168th out of 505 stocks

Data Processing & Preparation Industry

43rd out of 109 stocks

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Veritone (NASDAQ:VERI) Frequently Asked Questions

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 top-rated stocks.

What stocks does MarketBeat like better than Veritone?

Wall Street analysts have given Veritone a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Veritone wasn't one of them. MarketBeat thinks these five companies 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 Monday, August 9th 2021.
View our earnings forecast for Veritone
.

How were Veritone's earnings last quarter?

Veritone, Inc. (NASDAQ:VERI) announced its quarterly earnings data on Thursday, March, 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.39) by $0.25. The company had revenue of $16.82 million for the quarter, compared to analysts' expectations of $16.17 million. Veritone had a negative trailing twelve-month return on equity of 105.85% and a negative net margin of 102.59%.
View Veritone's earnings history
.

How has Veritone's stock been impacted by Coronavirus?

Veritone's stock was trading at $2.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VERI shares have increased by 991.6% and is now trading at $23.36.
View which stocks have been most impacted by COVID-19
.

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

Veritone issued an update on its second quarter 2021 earnings guidance on Tuesday, May, 25th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $18.80 million-$19.20 million, compared to the consensus revenue estimate of $19 million.

What price target have analysts set for VERI?

6 brokers have issued 12 month target prices for Veritone's stock. Their forecasts range from $6.00 to $50.00. On average, they anticipate Veritone's stock price to reach $30.17 in the next year. This suggests a possible upside of 29.1% from the stock's current price.
View analysts' price targets for Veritone
or view top-rated stocks among Wall Street analysts.

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, Pres & Director (Age 47, Pay $280.81k)
  • 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)
  • Mr. Drew Hilles, Sr. VP of Veritone Media

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

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

Who are some of Veritone's key 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).

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 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 number of retail and institutional investors. Top institutional shareholders include Banta Asset Management LP (7.44%), BlackRock Inc. (5.60%), Handelsbanken Fonder AB (3.50%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.36%), Geode Capital Management LLC (1.31%) and Morgan Stanley (0.93%). Company insiders that own Veritone stock include G Louis Graziadio III, Richard H Taketa and Ryan Steelberg.
View institutional ownership trends for Veritone
.

Which institutional investors are selling Veritone stock?

VERI stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Renaissance Technologies LLC, Uniplan Investment Counsel Inc., Voloridge Investment Management LLC, Vanguard Capital Wealth Advisors, Paloma Partners Management Co, Price T Rowe Associates Inc. MD, and Handelsinvest Investeringsforvaltning.
View insider buying and selling activity for Veritone
or view top insider-selling stocks.

Which institutional investors are buying Veritone stock?

VERI stock was purchased by a variety of institutional investors in the last quarter, including BNP PARIBAS ASSET MANAGEMENT Holding S.A., Handelsbanken Fonder AB, Morgan Stanley, Federated Hermes Inc., BlackRock Inc., Nuveen Asset Management LLC, JPMorgan Chase & Co., and Banta Asset Management LP. Company insiders that have bought Veritone stock in the last two years include G Louis Graziadio III, Richard H Taketa, and Ryan Steelberg.
View insider buying and selling activity for Veritone
or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

What is Veritone's stock price today?

One share of VERI stock can currently be purchased for approximately $23.36.

How much money does Veritone make?

Veritone has a market capitalization of $763.50 million and generates $57.71 million in revenue each year. The company earns $-47,880,000.00 in net income (profit) each year or ($1.73) on an earnings per share basis.

How many employees does Veritone have?

Veritone employs 308 workers across the globe.

What is Veritone's official website?

The official website for Veritone is www.veritone.com.

Where are Veritone's headquarters?

Veritone is headquartered at 575 ANTON BOULEVARD SUITE 100, COSTA MESA CA, 92626.

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 6/18/2021 by MarketBeat.com Staff
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