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NASDAQ:VERIVeritone Stock Price, Forecast & News

$9.70
-0.04 (-0.41 %)
(As of 06/3/2020 11:22 AM ET)
Add
Compare
Today's Range
$9.46
Now: $9.70
$9.82
50-Day Range
$2.96
MA: $5.87
$8.82
52-Week Range
$1.22
Now: $9.70
$10.03
Volume9,829 shs
Average Volume812,530 shs
Market Capitalization$262.58 million
P/E RatioN/A
Dividend YieldN/A
Beta2.69
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.
Read More
Veritone logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.46 out of 5 stars


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$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$262.58 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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VERI shares have increased by 347.7% and is now trading at $9.58. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Veritone?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 1 hold rating and 3 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) issued its earnings results on Monday, May, 11th. The company reported ($0.25) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.04. The firm earned $11.90 million during 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 Monday, May, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $11.8-12.2 million, compared to the consensus revenue estimate of $13.23 million.

What price target have analysts set for VERI?

4 brokers have issued 12-month target prices for Veritone's stock. Their forecasts range from $3.00 to $9.00. On average, they expect Veritone's share price to reach $7.00 in the next year. This suggests that the stock has a possible downside of 26.9%. View analysts' price targets for Veritone.

Has Veritone been receiving favorable news coverage?

Media coverage about VERI stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Veritone earned a daily sentiment score of 0.6 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutVeritone.

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 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 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.39%), Perkins Capital Management Inc. (0.23%), Morgan Stanley (0.23%), UBS Group AG (0.13%), Wells Fargo & Company MN (0.07%) and MML Investors Services LLC (0.07%). 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 institutional 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 Spark Investment Management LLC. View insider buying and selling activity for Veritone.

Which institutional investors are buying Veritone stock?

VERI stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Wells Fargo & Company MN, UBS Group AG, and MML Investors Services LLC. 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 $9.58.

How big of a company is Veritone?

Veritone has a market capitalization of $259.33 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 6/3/2020 by MarketBeat.com Staff

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