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NASDAQ:VERI

Veritone - VERI Stock Forecast, Price & News

$7.35
+0.61 (+9.05%)
(As of 12/1/2022 12:28 PM ET)
Add
Compare
Today's Range
$6.79
$7.54
50-Day Range
$5.38
$7.41
52-Week Range
$4.63
$27.17
Volume
15,166 shs
Average Volume
311,871 shs
Market Capitalization
$265.56 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.33

Veritone MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
135.8% Upside
$17.33 Price Target
Short Interest
Bearish
15.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.53mentions of Veritone in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$348,835 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.96) to ($0.56) Per Share

Overall MarketRank

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

1.99 out of 5 stars

Business Services Sector

233rd out of 331 stocks

Data Processing & Preparation Industry

51st out of 74 stocks

VERI stock logo

About Veritone (NASDAQ:VERI) Stock

Veritone, Inc., together with its subsidiaries, 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 uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, object detection and recognition, logo recognition, sentiment analysis, text keyword/topic analysis, audio/video fingerprinting, geolocation, visual moderation, and optical character recognition to reveal valuable insights from vast amounts of structured and unstructured data. 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, government, legal and compliance, energy, and other vertical markets. 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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VERI Stock News Headlines

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
11/08/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/02/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$17.33
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+135.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-70,590,000.00
Pretax Margin
-28.11%

Debt

Sales & Book Value

Annual Sales
$115.31 million
Book Value
$1.96 per share

Miscellaneous

Free Float
26,306,000
Market Cap
$265.56 million
Optionable
Optionable
Beta
2.92

Key Executives

  • Mr. Chad E. Steelberg (Age 50)
    Chairman & CEO
    Comp: $1.68M
  • Mr. Ryan Scott Steelberg (Age 48)
    Pres & Director
    Comp: $1.05M
  • Mr. Michael L. Zemetra (Age 51)
    Exec. VP, Chief Financial Officer & Treasurer
    Comp: $564.74k
  • Mr. Scott Bogdan
    Sr. VP of Operations
  • Mr. Brian Matthew Alger C.F.A.
    Sr. VP of Corp. Devel. & Investor Relations
  • Mr. Jonathan W. Gacek (Age 60)
    Head of Gov., Legal & Compliance
  • Mr. Thor Valdmanis
    Sr. VP of Corp. Communications
  • Mr. Locke Truong
    VP of Marketing for Media & Entertainment and Monetization
  • Mr. Nathaniel L. Checketts (Age 39)
    Advisor
  • Mr. John R. Newsom (Age 60)
    Exec. VP













VERI Stock - Frequently Asked Questions

Should I buy or sell Veritone stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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?

5 Wall Street analysts have issued 1 year price objectives for Veritone's shares. Their VERI share price forecasts range from $10.00 to $30.00. On average, they predict the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 157.2% 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 2022?

Veritone's stock was trading at $22.48 at the start of the year. Since then, VERI shares have decreased by 70.0% and is now trading at $6.74.
View the best growth stocks for 2022 here
.

When is Veritone's next earnings date?

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

How were Veritone's earnings last quarter?

Veritone, Inc. (NASDAQ:VERI) issued its quarterly earnings data on Tuesday, November, 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.01. The firm had revenue of $37.20 million for the quarter, compared to analyst estimates of $34.61 million. Veritone had a negative net margin of 32.58% and a negative trailing twelve-month return on equity of 80.58%.

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

Veritone updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $44.00 million-$46.00 million, compared to the consensus revenue estimate of $50.21 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 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 acted 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 institutional and retail investors. Top institutional investors include Banta Asset Management LP (6.55%), Vanguard Group Inc. (6.54%), BlackRock Inc. (5.83%), Handelsbanken Fonder AB (4.20%), State Street Corp (2.44%) and Private Management Group Inc. (2.05%). 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 $6.74.

How much money does Veritone make?

Veritone (NASDAQ:VERI) has a market capitalization of $243.55 million and generates $115.31 million in revenue each year. The company earns $-70,590,000.00 in net income (profit) each year or ($1.47) on an earnings per share basis.

How many employees does Veritone have?

The company employs 546 workers across the globe.

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 12/1/2022 by MarketBeat.com Staff