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NASDAQ:VERI

Veritone (VERI) Stock Price, News & Analysis

Veritone logo
$3.36 +0.83 (+32.81%)
(As of 04:45 PM ET)

About Veritone Stock (NASDAQ:VERI)

Key Stats

Today's Range
$2.54
$3.43
50-Day Range
$2.18
$4.25
52-Week Range
$1.48
$7.76
Volume
5.71 million shs
Average Volume
1.24 million shs
Market Capitalization
$128.73 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.88
Consensus Rating
Hold

Company Overview

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.

Veritone Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
36th Percentile Overall Score

VERI MarketRank™: 

Veritone scored higher than 36% of companies evaluated by MarketBeat, and ranked 236th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Veritone has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Veritone has only been the subject of 1 research reports in the past 90 days.

  • Read more about Veritone's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Veritone is -1.56, 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 -1.56, 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 3.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    12.79% of the outstanding shares of Veritone have been sold short.
  • Short Interest Ratio / Days to Cover

    Veritone has a short interest ratio ("days to cover") of 5.8.
  • Change versus previous month

    Short interest in Veritone has recently increased by 5.15%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Veritone does not currently pay a dividend.

  • Dividend Growth

    Veritone does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    12.79% of the outstanding shares of Veritone have been sold short.
  • Short Interest Ratio / Days to Cover

    Veritone has a short interest ratio ("days to cover") of 5.8.
  • Change versus previous month

    Short interest in Veritone has recently increased by 5.15%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Veritone has a news sentiment score of 0.57. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Veritone this week, compared to 3 articles on an average week.
  • Search Interest

    8 people have searched for VERI on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Veritone to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Veritone insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,271,736.00 in company stock.

  • Percentage Held by Insiders

    26.60% 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.

  • Read more about Veritone's insider trading history.
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VERI Stock News Headlines

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VERI Stock Analysis - Frequently Asked Questions

Veritone's stock was trading at $1.81 on January 1st, 2024. Since then, VERI stock has increased by 86.7% and is now trading at $3.38.
View the best growth stocks for 2024 here
.

Veritone, Inc. (NASDAQ:VERI) released its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.28. The firm earned $22.66 million during the quarter, compared to analyst estimates of $22 million. Veritone had a negative net margin of 47.97% and a negative trailing twelve-month return on equity of 649.13%.

Veritone subsidiaries include these companies: PandoLogic (formerly RealMatch), machine box inc, Machine Box, Performance Bridge Media, Wazee Digital Inc., boston speech tech firm, Machine Box Inc, and others.

Veritone (VERI) raised $20 million in an initial public offering 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 acted as the underwriters for the IPO and Northland Capital Markets was co-manager.

Veritone's top institutional investors include Private Management Group Inc. (7.65%), Geode Capital Management LLC (0.95%), State Street Corp (0.38%) and Freedom Investment Management Inc. (0.30%). Insiders that own company stock include Ryan Steelberg, G Louis Graziadio III and Chad Steelberg.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Veritone investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), PayPal (PYPL), Ford Motor (F), NIO (NIO) and Riot Platforms (RIOT).

Company Calendar

Last Earnings
11/09/2021
Today
12/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Current Symbol
NASDAQ:VERI
Fax
N/A
Employees
550
Year Founded
2014

Price Target and Rating

Average Stock Price Target
$2.88
High Stock Price Target
$3.50
Low Stock Price Target
$2.25
Potential Upside/Downside
-12.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-58,620,000.00
Pretax Margin
-50.19%

Debt

Sales & Book Value

Annual Sales
$124.88 million
Book Value
$1.03 per share

Miscellaneous

Free Float
28,121,000
Market Cap
$125.66 million
Optionable
Optionable
Beta
3.22

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This page (NASDAQ:VERI) was last updated on 12/26/2024 by MarketBeat.com Staff
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