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NASDAQ:VERI

Veritone Stock Forecast, Price & News

$21.30
+0.44 (+2.11 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$19.66
Now: $21.30
$21.44
50-Day Range
$8.72
MA: $11.59
$20.86
52-Week Range
$1.22
Now: $21.30
$21.44
Volume797,635 shs
Average Volume799,429 shs
Market Capitalization$590.71 million
P/E RatioN/A
Dividend YieldN/A
Beta2.13
Veritone, Inc. 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 integrates and orchestrates a range of cognitive engines to reveal multivariate insights from structured and unstructured data, as well as to conduct cognitive workflows based on these 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, legal and compliance, and government markets. 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.85 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:VERI
CUSIPN/A
Phone888-507-1737
Employees277

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-106.21%

Miscellaneous

Market Cap$590.71 million
Next Earnings Date3/3/2021 (Estimated)
OptionableOptionable
$21.30
+0.44 (+2.11 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Veritone (NASDAQ:VERI) Frequently Asked Questions

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

Veritone's stock was trading at $2.14 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VERI stock has increased by 895.3% and is now trading at $21.30.
View which stocks have been most impacted by COVID-19
.

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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Veritone?

Wall Street analysts have given Veritone a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Veritone wasn't one of them. MarketBeat thinks these five stocks 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 Wednesday, March 3rd 2021.
View our earnings forecast for Veritone
.

How were Veritone's earnings last quarter?

Veritone, Inc. (NASDAQ:VERI) announced its earnings results on Monday, November, 9th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. The company earned $15.72 million during the quarter, compared to the consensus estimate of $14.39 million. Veritone had a negative net margin of 106.21% and a negative return on equity of 118.65%.
View Veritone's earnings history
.

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

Veritone updated its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $16-16.4 million, compared to the consensus revenue estimate of $14.95 million.

What price target have analysts set for VERI?

5 brokers have issued 12-month price targets for Veritone's stock. Their forecasts range from $6.00 to $20.00. On average, they expect Veritone's stock price to reach $13.00 in the next twelve months. This suggests that the stock has a possible downside of 39.0%.
View analysts' price targets for Veritone
.

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).

Who are Veritone's key executives?

Veritone's management team includes the following people:
  • Mr. Chad Steelberg, Chairman & CEO (Age 48, Pay $285.41k)
  • Mr. Ryan Scott Steelberg, Co-Founder, Pres & Director (Age 46, Pay $280.81k)
  • Mr. Jeffrey B. Coyne, Exec. VP, Gen. Counsel & Sec. (Age 53, Pay $255.54k)
  • Mr. Nathaniel L. Checketts, Advisor (Age 37, Pay $20k)
  • Mr. Michael L. Zemetra, Exec. VP, Chief Financial Officer & Treasurer (Age 49)
  • 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 58)

When did Veritone IPO?

(VERI) raised $20 million in an initial public offering 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 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 investors include BlackRock Inc. (5.65%), State Street Corp (1.45%), Great West Life Assurance Co. Can (1.42%), Great West Life Assurance Co. Can (1.17%), Creative Planning (0.38%) and First Trust Advisors LP (0.34%). 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 BlackRock Inc., LPL Financial LLC, and Creative Planning.
View insider buying and selling activity for Veritone
.

Which institutional investors are buying Veritone stock?

VERI stock was purchased by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Great West Life Assurance Co. Can, First Trust Advisors LP, Keebeck Alpha LP, GSA Capital Partners LLP, State Street Corp, Acadian Asset Management LLC, and Morgan Stanley. 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 $21.30.

How big of a company is Veritone?

Veritone has a market capitalization of $590.71 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. Veritone employs 277 workers across the globe.

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 11/29/2020 by MarketBeat.com Staff

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