Should I buy or sell Veritone stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" VERI shares. View VERI analyst ratings or view top-rated stocks .

What is Veritone's stock price target for 2024?

3 Wall Street analysts have issued 12 month target prices for Veritone's shares. Their VERI share price targets range from $2.25 to $4.25. On average, they anticipate the company's stock price to reach $3.50 in the next year. This suggests that the stock has a possible downside of 7.4%. View analysts price targets for VERI or view top-rated stocks among Wall Street analysts .

How have VERI shares performed in 2024?

Veritone's stock was trading at $1.81 at the start of the year. Since then, VERI stock has increased by 108.8% and is now trading at $3.78. View the best growth stocks for 2024 here .

When is Veritone's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our VERI earnings forecast .

How can I listen to Veritone's earnings call?

Veritone will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Veritone's earnings last quarter?

Veritone, Inc. (NASDAQ:VERI) posted its earnings results on Tuesday, March, 12th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.05. The company earned $34.20 million during the quarter, compared to the consensus estimate of $33.67 million. Veritone had a negative net margin of 42.97% and a negative trailing twelve-month return on equity of 120.37%.

What ETF holds Veritone's stock?

SoFi Web 3 ETF holds 6,219 shares of VERI stock, representing 1.54% of its portfolio.

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

Veritone updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $134.0 million-$142.0 million, compared to the consensus revenue estimate of $135.8 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?

Veritone (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.

Who are Veritone's major shareholders?

Veritone's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Capital Wealth Advisors (0.09%). Insiders that own company stock include G Louis Graziadio III 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Veritone have any subsidiaries?

The following companies are subsidiares of Veritone: Machine Box, Machine Box Inc, PandoLogic (formerly RealMatch), PandoLogic Inc, PandoLogic Ltd., Performance Bridge Media, Performance Bridge Media Inc, Veritone Alpha Inc., Veritone Digital Inc, Veritone Enterprise LLC, Veritone One Inc., Veritone Politics LLC, Veritone UK Ltd., Wazee Digital Inc., boston speech tech firm, and machine box inc. Read More

NASDAQ:VERI

Veritone (VERI) Stock Price, News & Analysis

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Free VERI Stock Alerts

$3.78

-0.60 (-13.70%)

(As of 04/17/2024 ET)

Compare

Today's Range: $3.52
▼
$4.59
50-Day Range: $1.71
▼
$6.97
52-Week Range: $1.48
▼
$7.76

Volume: 2.83 million shs
Average Volume: 2.25 million shs
Market Capitalization: $140.35 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.50

Get Veritone alerts:

Veritone MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 7.4% Downside
$3.50 Price Target
Short Interest: Healthy
16.81% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.87
Upright™ Environmental Score
News Sentiment: 0.27
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.58) to ($0.33) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.03 out of 5 stars

Business Services Sector

204th out of 305 stocks

Data Processing & Preparation Industry

34th out of 58 stocks

0.8

Analyst's Opinion

Consensus Rating
Veritone has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Veritone has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
16.81% of the float of Veritone has been sold short.
Short Interest Ratio / Days to Cover
Veritone has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Veritone has recently decreased by 11.45%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Veritone does not currently pay a dividend.
Dividend Growth
Veritone does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Veritone has received a 35.89% net impact score from Upright. Veritone seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Power management software", "Workflow automation software", and "Marketing data software" products. See details.
Environmental Sustainability
The Environmental Impact score for Veritone is -0.87.

2.4

News and Social Media Coverage

News Sentiment
Veritone has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Veritone this week, compared to 2 articles on an average week.
Search Interest
Only 17 people have searched for VERI on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
MarketBeat Follows
7 people have added Veritone to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veritone insiders have not sold or bought any company stock.
Percentage Held by Insiders
26.40% of the stock of Veritone is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 39.18% of the stock of Veritone is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Veritone are expected to grow in the coming year, from ($0.58) to ($0.33) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veritone is -1.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veritone is -1.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Veritone has a P/B Ratio of 3.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Veritone Stock (NASDAQ:VERI)

Veritone, Inc., together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights. 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.

VERI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VERI Stock News Headlines

April 17, 2024 | businesswire.com

Veritone Clinches 2024 NAB Product of the Year Award for a Fifth Time with Generative AI Solution

April 17, 2024 | msn.com

AWS Expands NAB Show Presence

April 17, 2024 | Insiders Exposed (Ad)

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April 17, 2024 | axios.com

Exclusive: GridBeyond raises $55M for virtual power plants

April 13, 2024 | uk.investing.com

Veritone enhances AI suite for ad privacy and revenue

April 12, 2024 | msn.com

Veritone: Up 188% YTD, Will This AI Stock Continue to Surge?

April 11, 2024 | msn.com

Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?

April 11, 2024 | businesswire.com

Veritone to Hold First Quarter 2024 Results Conference Call on May 7th

April 17, 2024 | Insiders Exposed (Ad)

This consistently signaled gains of 453%... 610%... and even 1036%...

April 11, 2024 | businesswire.com

Veritone Enhances Advertising and Content Intelligence Suite to Support Future-Proofing of Client Broadcast Revenues

April 8, 2024 | finanznachrichten.de

Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation

April 7, 2024 | seekingalpha.com

Veritone: Don't Fall For This AI-Hyped Stock

April 3, 2024 | businesswire.com

Veritone to Showcase Innovative AI Solutions, Including New Ask Veri Tool, at the 2024 NAB Show

April 2, 2024 | businesswire.com

MEDIA ADVISORY: Broadcast Media Has a Measurement Issue; Can AI Solve It?

March 28, 2024 | msn.com

Dalet to Demo AI-Enabled Production, Automation and Monetization at NAB Show

March 27, 2024 | msn.com

EXCLUSIVE: 'AI For Good' Essential To Advancing Society, Says Veritone CEO — 'We Deserve To Use These Technologies'

March 26, 2024 | businesswire.com

Veritone Launches Ask Veri to Empower Customers to Talk to Their Data for Actionable Insights and Workflow Activation

March 25, 2024 | seekingalpha.com

Veritone: Not An AI Stock To Bank On

March 21, 2024 | investing.com

Veritone AI to streamline state law enforcement redactions

March 20, 2024 | marketwatch.com

Veritone Shares Rise 21% on Software Adoption by Law-Enforcement Agency

March 19, 2024 | businesswire.com

Veritone Partners with WSI Technologies to Automate Public Records Requests for Primary State-Wide Law Enforcement Agency

March 18, 2024 | msn.com

Top 4 Tech Stocks That May Collapse In March

March 15, 2024 | msn.com

Pa. Police Officer Injured in 3-Vehicle Crash Caused by Suspected Drunk Driver

March 14, 2024 | msn.com

What's Going On With Veritone Stock?

March 13, 2024 | finance.yahoo.com

Veritone Inc (VERI) Faces Headwinds Despite Revenue of $127.6 Million in Fiscal Year 2023

March 13, 2024 | finance.yahoo.com

Q4 2023 Veritone Inc Earnings Call

March 13, 2024 | finance.yahoo.com

Veritone's US$9.7m Market Cap Fall Books Insider Losses

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Data processing & preparation
Sub-Industry: N/A
Current Symbol: NASDAQ:VERI
CUSIP: N/A
CIK: 1615165
Web: www.veritone.com
Phone: (888) 507-1737
Fax: N/A
Employees: 664
Year Founded: 2014

Price Target and Rating

Average Stock Price Target: $3.50
High Stock Price Target: $4.25
Low Stock Price Target: $2.25
Potential Upside/Downside: -14.4%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.15)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-58,620,000.00
Net Margins: -42.97%
Pretax Margin: -48.35%
Return on Equity: -120.37%
Return on Assets: -12.97%

Debt

Debt-to-Equity Ratio: 3.53
Current Ratio: 0.97
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $127.56 million
Price / Sales: 1.19
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.03 per share
Price / Book: 3.97

Miscellaneous

Outstanding Shares: 37,130,000
Free Float: 27,329,000
Market Cap: $151.86 million
Optionable: Optionable
Beta: 2.97

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Key Executives

Mr. Ryan Scott Steelberg (Age 50)
Co-Founder, CEO, President & Chairman
Comp: $595.75k
Mr. Chad E. Steelberg (Age 52)
Co-Founder
Comp: $1.01M
Mr. Michael L. Zemetra (Age 53)
Executive VP, Chief Financial Officer & Treasurer
Comp: $325k
Mr. Scott Bogdan
Senior Vice President of Operations
Mr. Fleming Meng
Chief Information Officer
Mr. Brian Matthew Alger C.F.A.
Senior Vice President of Corporate Development & Investor Relations
Mr. Thor Valdmanis
Senior Vice President of Corporate Communications
Mr. Seth K. Greenberg (Age 60)
Chief Marketing & Strategy Officer
Mr. Drew Hilles
Senior Vice President of Veritone Media
Mr. John A. Ganley (Age 76)
Senior Advisor to the Chief Executive Officer
Comp: $247.41k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VERI Stock Analysis - Frequently Asked Questions

Should I buy or sell Veritone stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" VERI shares.
View VERI analyst ratings or view top-rated stocks.
What is Veritone's stock price target for 2024?: 3 Wall Street analysts have issued 12 month target prices for Veritone's shares. Their VERI share price targets range from $2.25 to $4.25. On average, they anticipate the company's stock price to reach $3.50 in the next year. This suggests that the stock has a possible downside of 7.4%.
View analysts price targets for VERI or view top-rated stocks among Wall Street analysts.
How have VERI shares performed in 2024?: Veritone's stock was trading at $1.81 at the start of the year. Since then, VERI stock has increased by 108.8% and is now trading at $3.78.
View the best growth stocks for 2024 here.
When is Veritone's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our VERI earnings forecast.
How can I listen to Veritone's earnings call?: Veritone will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Veritone's earnings last quarter?: Veritone, Inc. (NASDAQ:VERI) posted its earnings results on Tuesday, March, 12th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.05. The company earned $34.20 million during the quarter, compared to the consensus estimate of $33.67 million. Veritone had a negative net margin of 42.97% and a negative trailing twelve-month return on equity of 120.37%.
What ETF holds Veritone's stock?: SoFi Web 3 ETF holds 6,219 shares of VERI stock, representing 1.54% of its portfolio.
What guidance has Veritone issued on next quarter's earnings?: Veritone updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $134.0 million-$142.0 million, compared to the consensus revenue estimate of $135.8 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?: Veritone (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.
Who are Veritone's major shareholders?: Veritone's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Capital Wealth Advisors (0.09%). Insiders that own company stock include G Louis Graziadio III 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Veritone have any subsidiaries?: The following companies are subsidiares of Veritone: Machine Box, Machine Box Inc, PandoLogic (formerly RealMatch), PandoLogic Inc, PandoLogic Ltd., Performance Bridge Media, Performance Bridge Media Inc, Veritone Alpha Inc., Veritone Digital Inc, Veritone Enterprise LLC, Veritone One Inc., Veritone Politics LLC, Veritone UK Ltd., Wazee Digital Inc., boston speech tech firm, and machine box inc.
Read More

This page (NASDAQ:VERI) was last updated on 4/17/2024 by MarketBeat.com Staff

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Veritone (VERI) Stock Price, News & Analysis

Veritone MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Veritone Stock (NASDAQ:VERI)

VERI Stock Price History

VERI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

VERI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™