NASDAQ:VERI - Veritone Stock Price, Price Target & More

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$20.67 +0.47 (+2.33 %)
(As of 05/25/2018 04:00 PM ET)
Previous Close$20.67
Today's Range$19.78 - $20.74
52-Week Range$7.76 - $74.92
Volume61,707 shs
Average Volume188,586 shs
Market Capitalization$328.76 million
P/E Ratio-4.50
Dividend YieldN/A
BetaN/A

About Veritone (NASDAQ:VERI)

Veritone logoVeritone, 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio2.69
Quick Ratio2.69

Price-To-Earnings

Trailing P/E Ratio-4.50
Forward P/E Ratio-6.58
P/E GrowthN/A

Sales & Book Value

Annual Sales$14.41 million
Price / Sales23.34
Cash FlowN/A
Price / CashN/A
Book Value$3.14 per share
Price / Book6.58

Profitability

EPS (Most Recent Fiscal Year)($4.59)
Net Income$-59,600,000.00
Net Margins-425.69%
Return on Equity-98.44%
Return on Assets-63.37%

Miscellaneous

Employees219
Outstanding Shares16,270,000

Veritone (NASDAQ:VERI) Frequently Asked Questions

What is Veritone's stock symbol?

Veritone trades on the NASDAQ under the ticker symbol "VERI."

How were Veritone's earnings last quarter?

Veritone (NASDAQ:VERI) announced its earnings results on Tuesday, May, 8th. The company reported ($0.81) earnings per share for the quarter, missing analysts' consensus estimates of ($0.73) by $0.08. The firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $3.97 million. Veritone had a negative return on equity of 98.44% and a negative net margin of 425.69%. Veritone's revenue was up 41.9% compared to the same quarter last year. View Veritone's Earnings History.

When is Veritone's next earnings date?

Veritone is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Veritone.

What price target have analysts set for VERI?

7 brokerages have issued twelve-month price targets for Veritone's stock. Their forecasts range from $10.00 to $32.00. On average, they anticipate Veritone's stock price to reach $23.00 in the next year. View Analyst Ratings for Veritone.

Who are some of Veritone's key competitors?

Who are Veritone's key executives?

Veritone's management team includes the folowing people:
  • Mr. Chad Steelberg, Chairman & CEO (Age 46)
  • Mr. Ryan Steelberg, Pres & Director (Age 44)
  • Mr. Peter F. Collins, Exec. VP & CFO (Age 53)
  • Mr. Jeffrey B. Coyne, Exec. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. John A. Ganley, Exec. VP of HR (Age 70)

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 served as the underwriters for the IPO and Northland Capital Markets was co-manager.

Has Veritone been receiving favorable news coverage?

News stories about VERI stock have trended positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritone earned a coverage optimism score of 0.30 on Accern's scale. They also gave news coverage about the company an impact score of 44.00 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are Veritone's major shareholders?

Veritone's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Uniplan Investment Counsel Inc. (1.38%), Allianz Asset Management GmbH (0.65%), Allianz Asset Management GmbH (0.65%) and UBS Group AG (0.12%). Company insiders that own Veritone stock include Chad Steelberg, G Louis Graziadio III and Peter F Collins. View Institutional Ownership Trends for Veritone.

Which institutional investors are buying Veritone stock?

VERI stock was acquired by a variety of institutional investors in the last quarter, including UBS Group AG, Allianz Asset Management GmbH, Allianz Asset Management GmbH and Uniplan Investment Counsel Inc.. Company insiders that have bought Veritone stock in the last two years include Chad Steelberg, G Louis Graziadio III and Peter F Collins. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Veritone's stock price today?

One share of VERI stock can currently be purchased for approximately $20.67.

How big of a company is Veritone?

Veritone has a market capitalization of $328.76 million and generates $14.41 million in revenue each year. The company earns $-59,600,000.00 in net income (profit) each year or ($4.59) on an earnings per share basis. Veritone employs 219 workers across the globe.

How can I contact Veritone?

Veritone's mailing address is 575 ANTON BLVD, COSTA MESA CA, 92626. The company can be reached via phone at 888-507-1737 or via email at [email protected]


MarketBeat Community Rating for Veritone (VERI)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  130 (Vote Outperform)
Underperform Votes:  187 (Vote Underperform)
Total Votes:  317
MarketBeat's community ratings are surveys of what our community members think about Veritone and other stocks. Vote "Outperform" if you believe VERI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VERI will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Veritone (NASDAQ:VERI) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
7 Wall Street analysts have issued ratings and price targets for Veritone in the last 12 months. Their average twelve-month price target is $23.00, suggesting that the stock has a possible upside of 11.27%. The high price target for VERI is $32.00 and the low price target for VERI is $10.00. There are currently 1 sell rating and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.712.712.602.60
Ratings Breakdown: 1 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $23.00$23.00$23.80$29.80
Price Target Upside: 11.27% upside36.34% upside65.62% upside39.84% upside

Veritone (NASDAQ:VERI) Consensus Price Target History

Price Target History for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/26/2018DA DavidsonInitiated CoverageBuy$25.00HighView Rating Details
4/23/2018CowenInitiated CoverageOutperform$30.00HighView Rating Details
2/27/2018Craig HallumReiterated RatingBuy$31.00 ➝ $23.00HighView Rating Details
2/27/2018B. RileyLower Price TargetSell ➝ Sell$15.00 ➝ $10.00HighView Rating Details
2/20/2018Roth CapitalLower Price TargetBuy$62.00 ➝ $32.00LowView Rating Details
9/10/2017Northland SecuritiesSet Price TargetBuy$23.00HighView Rating Details
6/21/2017WunderlichReiterated RatingBuy$18.00HighView Rating Details
(Data available from 5/26/2016 forward)

Earnings

Veritone (NASDAQ:VERI) Earnings History and Estimates Chart

Earnings by Quarter for Veritone (NASDAQ:VERI)

Veritone (NASDAQ:VERI) Earnings Estimates

2018 EPS Consensus Estimate: ($2.88)
2019 EPS Consensus Estimate: ($2.91)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20182($0.91)($0.64)($0.78)
Q2 20182($0.77)($0.63)($0.70)
Q3 20182($0.71)($0.62)($0.67)
Q4 20182($0.75)($0.73)($0.74)
Q1 20191($0.76)($0.76)($0.76)
Q2 20191($0.75)($0.75)($0.75)
Q3 20191($0.72)($0.72)($0.72)
Q4 20191($0.68)($0.68)($0.68)

Veritone (NASDAQ VERI) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/6/2018($0.71)N/AView Earnings Details
5/8/2018Q1 2018($0.73)($0.81)$3.97 million$4.40 millionViewN/AView Earnings Details
2/26/2018Q4 2017($0.59)($0.83)$4.41 million$3.49 millionViewListenView Earnings Details
11/6/2017Q3 2017($0.43)($1.31)$4.95 million$3.72 millionViewN/AView Earnings Details
8/7/2017Q2 2017($1.20)($1.33)$2.99 million$4.09 millionViewListenView Earnings Details
6/20/2017Q1 2017($4.16)($3.09)$2.40 million$3.11 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Veritone (NASDAQ:VERI) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Veritone (NASDAQ VERI) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 9.14%
Insider Trading History for Veritone (NASDAQ:VERI)
Institutional Ownership by Quarter for Veritone (NASDAQ:VERI)

Veritone (NASDAQ VERI) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
4/30/2018Chad SteelbergCEOBuy11,512$20.99$241,636.8865,203View SEC Filing  
4/26/2018Chad SteelbergCEOBuy20,000$18.40$368,000.0028,307View SEC Filing  
3/14/2018G Louis Graziadio IIIDirectorBuy12,400$14.60$181,040.0083,349View SEC Filing  
3/8/2018Peter F. CollinsCFOBuy10,000$14.16$141,600.00View SEC Filing  
5/16/2017G Louis Graziadio IIIDirectorBuy24,780$11.67$289,182.6082,349View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Veritone (NASDAQ VERI) News Headlines

Source:
DateHeadline
Form 4 Veritone, Inc. For: May 17 Filed by: Treska Edward JosephForm 4 Veritone, Inc. For: May 17 Filed by: Treska Edward Joseph
www.streetinsider.com - May 19 at 8:48 AM
$4.95 Million in Sales Expected for Veritone (VERI) This Quarter$4.95 Million in Sales Expected for Veritone (VERI) This Quarter
www.americanbankingnews.com - May 19 at 2:30 AM
Zacks: Brokerages Anticipate Veritone (VERI) Will Post Earnings of -$0.84 Per ShareZacks: Brokerages Anticipate Veritone (VERI) Will Post Earnings of -$0.84 Per Share
www.americanbankingnews.com - May 17 at 7:33 PM
Veritone (VERI) Given Average Rating of "Hold" by BrokeragesVeritone (VERI) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - May 13 at 10:13 AM
Veritone (VERI) Lowered to Sell at Zacks Investment ResearchVeritone (VERI) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - May 12 at 12:13 PM
DA Davidson Equities Analysts Raise Earnings Estimates for Veritone (VERI)DA Davidson Equities Analysts Raise Earnings Estimates for Veritone (VERI)
www.americanbankingnews.com - May 11 at 10:52 AM
Veritone Sets May 2018 Financial Conference ScheduleVeritone Sets May 2018 Financial Conference Schedule
finance.yahoo.com - May 11 at 9:29 AM
Q2 2018 EPS Estimates for Veritone Decreased by Analyst (VERI)Q2 2018 EPS Estimates for Veritone Decreased by Analyst (VERI)
www.americanbankingnews.com - May 11 at 9:00 AM
Veritone (VERI) Posts  Earnings Results, Misses Expectations By $0.08 EPSVeritone (VERI) Posts Earnings Results, Misses Expectations By $0.08 EPS
www.americanbankingnews.com - May 9 at 1:43 PM
Veritone, Inc. (VERI) Misses Q1 EPS by 2c, Revenues BeatVeritone, Inc. (VERI) Misses Q1 EPS by 2c, Revenues Beat
www.streetinsider.com - May 8 at 5:02 PM
Veritone Reports Financial Results for the First Quarter of 2018Veritone Reports Financial Results for the First Quarter of 2018
finance.yahoo.com - May 8 at 5:02 PM
Why Veritone Stock Gained 48.8% in AprilWhy Veritone Stock Gained 48.8% in April
www.fool.com - May 7 at 12:30 PM
Chad Steelberg Buys 11,512 Shares of Veritone (VERI) StockChad Steelberg Buys 11,512 Shares of Veritone (VERI) Stock
www.americanbankingnews.com - May 2 at 10:30 PM
Veritone (VERI) Scheduled to Post Quarterly Earnings on TuesdayVeritone (VERI) Scheduled to Post Quarterly Earnings on Tuesday
www.americanbankingnews.com - May 2 at 8:47 PM
Acacia Researchs (ACTG) Management Discusses Q1 2018 Results - Earnings Call TranscriptAcacia Research's (ACTG) Management Discusses Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 2 at 8:52 AM
Zacks: Brokerages Anticipate Veritone (VERI) Will Announce Quarterly Sales of $3.89 MillionZacks: Brokerages Anticipate Veritone (VERI) Will Announce Quarterly Sales of $3.89 Million
www.americanbankingnews.com - May 2 at 4:40 AM
Veritone (VERI) Upgraded to "Hold" by BidaskClubVeritone (VERI) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - May 1 at 8:02 AM
Monday 4/30 Insider Buying Report: VERI, TREEMonday 4/30 Insider Buying Report: VERI, TREE
www.nasdaq.com - April 30 at 4:51 PM
 Analysts Expect Veritone (VERI) to Announce -$0.76 Earnings Per Share Analysts Expect Veritone (VERI) to Announce -$0.76 Earnings Per Share
www.americanbankingnews.com - April 30 at 5:17 AM
Veritone to Post Q1 2018 Earnings of ($0.64) Per Share, DA Davidson Forecasts (VERI)Veritone to Post Q1 2018 Earnings of ($0.64) Per Share, DA Davidson Forecasts (VERI)
www.americanbankingnews.com - April 30 at 1:02 AM
Veritone (VERI) CEO Chad Steelberg Acquires 20,000 SharesVeritone (VERI) CEO Chad Steelberg Acquires 20,000 Shares
www.americanbankingnews.com - April 27 at 10:10 PM
Veritone (VERI) Stock Rating Upgraded by Zacks Investment ResearchVeritone (VERI) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 27 at 1:30 PM
Benzingas Top Upgrades, Downgrades For April 26, 2018Benzinga's Top Upgrades, Downgrades For April 26, 2018
www.benzinga.com - April 26 at 4:53 PM
DA Davidson Begins Coverage on Veritone (VERI)DA Davidson Begins Coverage on Veritone (VERI)
www.americanbankingnews.com - April 26 at 9:48 AM
UPDATE: DA Davidson Starts Veritone (VERI) at Buy; Unique AI Pure-PlayUPDATE: DA Davidson Starts Veritone (VERI) at Buy; Unique AI Pure-Play
www.streetinsider.com - April 26 at 8:44 AM
Veritone Sets First Quarter 2018 Earnings Call for Tuesday, May 8, 2018 at 4:30 pm EDTVeritone Sets First Quarter 2018 Earnings Call for Tuesday, May 8, 2018 at 4:30 pm EDT
www.businesswire.com - April 24 at 8:52 AM
Veritone Sets First Quarter 2018 Earnings Call for Tuesday, May 8, 2018 at 4:30 p.m. EDTVeritone Sets First Quarter 2018 Earnings Call for Tuesday, May 8, 2018 at 4:30 p.m. EDT
finance.yahoo.com - April 24 at 8:52 AM
Veritone (VERI) Now Covered by Analysts at CowenVeritone (VERI) Now Covered by Analysts at Cowen
www.americanbankingnews.com - April 23 at 8:46 AM
Veritone (VERI) Upgraded to Hold by Zacks Investment ResearchVeritone (VERI) Upgraded to Hold by Zacks Investment Research
www.americanbankingnews.com - April 20 at 11:54 AM
Veritone Inc (VERI) Receives Consensus Recommendation of "Hold" from BrokeragesVeritone Inc (VERI) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - April 18 at 9:15 AM
Tintri (TNTR) versus Veritone (VERI) Financial ReviewTintri (TNTR) versus Veritone (VERI) Financial Review
www.americanbankingnews.com - April 15 at 9:25 AM
 Analysts Anticipate Veritone Inc (VERI) Will Post Quarterly Sales of $3.90 Million Analysts Anticipate Veritone Inc (VERI) Will Post Quarterly Sales of $3.90 Million
www.americanbankingnews.com - April 15 at 4:41 AM
 Analysts Anticipate Veritone Inc (VERI) Will Post Earnings of -$0.81 Per Share Analysts Anticipate Veritone Inc (VERI) Will Post Earnings of -$0.81 Per Share
www.americanbankingnews.com - April 13 at 9:25 AM
Veritone to Advance Federal Government Presence with FedRAMP Compliance InitiativeVeritone to Advance Federal Government Presence with FedRAMP Compliance Initiative
finance.yahoo.com - April 12 at 5:01 PM
B. Riley Reiterates VERI ( Rating for Veritone (VERI)B. Riley Reiterates VERI ( Rating for Veritone (VERI)
www.americanbankingnews.com - April 11 at 7:19 PM
Veritone (VERI) Upgraded to Sell at BidaskClubVeritone (VERI) Upgraded to Sell at BidaskClub
www.americanbankingnews.com - April 10 at 3:25 PM
How Veritone Is Breaking Through With Its AI PlatformHow Veritone Is Breaking Through With Its AI Platform
www.msn.com - April 7 at 9:14 AM
Mid-Day Market Update: Dow Rises 300 Points; Conatus Pharmaceuticals Shares SlideMid-Day Market Update: Dow Rises 300 Points; Conatus Pharmaceuticals Shares Slide
www.nasdaq.com - April 5 at 4:53 PM
Why Veritone Inc (VERI) Stock Is Soaring TodayWhy Veritone Inc (VERI) Stock Is Soaring Today
investorplace.com - April 5 at 1:25 PM
Veritone Announces Breakthrough Real-Time Artificial Intelligence CapabilitiesVeritone Announces Breakthrough Real-Time Artificial Intelligence Capabilities
finance.yahoo.com - April 5 at 10:57 AM
NT Concepts Partners with Veritone to Deliver Powerful AI Tech to Federal CustomersNT Concepts Partners with Veritone to Deliver Powerful AI Tech to Federal Customers
www.benzinga.com - April 2 at 9:19 AM
Critical Comparison: Universal Business Payment Solutions Acquisition (JTPY) vs. Veritone (VERI)Critical Comparison: Universal Business Payment Solutions Acquisition (JTPY) vs. Veritone (VERI)
www.americanbankingnews.com - March 29 at 11:26 PM
Veritone Inc (VERI) Expected to Post Quarterly Sales of $3.90 MillionVeritone Inc (VERI) Expected to Post Quarterly Sales of $3.90 Million
www.americanbankingnews.com - March 29 at 10:03 AM
Zacks: Analysts Anticipate Veritone Inc (VERI) Will Announce Earnings of -$0.81 Per ShareZacks: Analysts Anticipate Veritone Inc (VERI) Will Announce Earnings of -$0.81 Per Share
www.americanbankingnews.com - March 27 at 8:26 AM
Veritone Inc (VERI) Given Average Recommendation of "Hold" by BrokeragesVeritone Inc (VERI) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 24 at 8:28 AM
Form 4 Veritone, Inc. For: Mar 15 Filed by: COYNE JEFFREY B - StreetInsider.comForm 4 Veritone, Inc. For: Mar 15 Filed by: COYNE JEFFREY B - StreetInsider.com
www.streetinsider.com - March 21 at 9:48 AM
Form 4 Veritone, Inc. For: Mar 15 Filed by: Collins Peter FForm 4 Veritone, Inc. For: Mar 15 Filed by: Collins Peter F
www.streetinsider.com - March 20 at 9:06 AM
Veritone Inc (VERI) Director G Louis Graziadio III Purchases 12,400 SharesVeritone Inc (VERI) Director G Louis Graziadio III Purchases 12,400 Shares
www.americanbankingnews.com - March 15 at 10:08 PM
ESPN partners with Veritone AI platform to analyze sports coverageESPN partners with Veritone AI platform to analyze sports coverage
finance.yahoo.com - March 13 at 9:03 AM
Zacks: Analysts Expect Veritone Inc (VERI) Will Post Earnings of -$0.81 Per ShareZacks: Analysts Expect Veritone Inc (VERI) Will Post Earnings of -$0.81 Per Share
www.americanbankingnews.com - March 10 at 1:10 AM

SEC Filings

Veritone (NASDAQ:VERI) SEC Filings

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Social Media

Financials

Veritone (NASDAQ:VERI) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Veritone (NASDAQ VERI) Stock Chart for Saturday, May, 26, 2018

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This page was last updated on 5/26/2018 by MarketBeat.com Staff

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