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NASDAQ:VERIVeritone Stock Price, Forecast & News

$11.39
-0.03 (-0.26 %)
(As of 07/15/2020 01:35 PM ET)
Add
Compare
Today's Range
$11.09
Now: $11.39
$11.83
50-Day Range
$8.03
MA: $13.50
$18.55
52-Week Range
$1.22
Now: $11.39
$19.67
Volume542,962 shs
Average Volume836,662 shs
Market Capitalization$308.66 million
P/E RatioN/A
Dividend YieldN/A
Beta2.78
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. 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 owners and broadcasters; legal and compliance markets, including consulting firms, managed services providers, large law firms and corporate legal departments, financial services, and healthcare and other companies; state, local, federal, and international law enforcement agencies, intelligence agencies, and other governmental agencies, as well as resellers and system integrators; and politics market, including political parties, elected officials and political campaigns, political action committees, and special interest groups. 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.
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Veritone logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:VERI
CUSIPN/A
Phone888-507-1737

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$49.65 million
Book Value$1.93 per share

Profitability

Net Income$-62,080,000.00
Net Margins-118.27%

Miscellaneous

EmployeesN/A
Market Cap$308.66 million
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Veritone (NASDAQ:VERI) Frequently Asked Questions

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

Veritone's stock was trading at $2.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, VERI shares have increased by 432.2% and is now trading at $11.39. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Veritone?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 1 sell rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Veritone.

When is Veritone's next earnings date?

Veritone is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Veritone.

How were Veritone's earnings last quarter?

Veritone Inc (NASDAQ:VERI) posted its quarterly earnings results on Monday, May, 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.29) by $0.04. The company had revenue of $11.90 million for the quarter, compared to analysts' expectations of $12.64 million. Veritone had a negative return on equity of 119.92% and a negative net margin of 118.27%. View Veritone's earnings history.

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

Veritone issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, July, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $13.1-13.3 million, compared to the consensus revenue estimate of $11.95 million.

What price target have analysts set for VERI?

5 analysts have issued 12 month price objectives for Veritone's shares. Their forecasts range from $6.00 to $18.00. On average, they expect Veritone's stock price to reach $12.60 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View analysts' price targets for Veritone.

Has Veritone been receiving favorable news coverage?

Media stories about VERI stock have been trending extremely negative this week, InfoTrie reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Veritone earned a coverage optimism score of -4.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the near future. View the latest news about Veritone.

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 following 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 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 variety of retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.01%). Company insiders that own Veritone stock include Chad Steelberg, G Louis Graziadio III, Research Corp Acacia, Richard H Taketa and Ryan Steelberg. View institutional ownership trends for Veritone.

Which major investors are buying Veritone stock?

VERI stock was purchased by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd.. Company insiders that have bought Veritone stock in the last two years include Chad Steelberg, G Louis Graziadio III, Richard H Taketa, and Ryan Steelberg. View insider buying and selling activity 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 $11.39.

How big of a company is Veritone?

Veritone has a market capitalization of $308.66 million 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.

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 7/15/2020 by MarketBeat.com Staff

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