Veritone Inc (NASDAQ:VERI) has received an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $13.33.
Several equities research analysts recently issued reports on VERI shares. Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of Veritone in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of Veritone from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, JMP Securities started coverage on shares of Veritone in a research report on Wednesday, April 3rd. They set an “outperform” rating and a $10.00 price objective for the company.
NASDAQ:VERI opened at $9.56 on Thursday. The stock has a market capitalization of $161.60 million, a PE ratio of -2.75 and a beta of 2.81. Veritone has a twelve month low of $3.65 and a twelve month high of $24.76.
Veritone (NASDAQ:VERI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.41. The firm had revenue of $12.13 million for the quarter, compared to the consensus estimate of $11.58 million. Veritone had a negative net margin of 185.03% and a negative return on equity of 86.72%. The company’s revenue for the quarter was up 176.3% on a year-over-year basis. During the same period last year, the firm posted ($0.81) earnings per share. As a group, research analysts anticipate that Veritone will post -3.27 EPS for the current year.
In other news, insider Ryan Steelberg purchased 30,376 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average price of $8.20 per share, for a total transaction of $249,083.20. Following the completion of the purchase, the insider now directly owns 30,671 shares of the company’s stock, valued at $251,502.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.00% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of VERI. Barclays PLC increased its holdings in shares of Veritone by 2,915.0% in the 4th quarter. Barclays PLC now owns 7,447 shares of the company’s stock valued at $28,000 after acquiring an additional 7,200 shares during the period. Parametric Portfolio Associates LLC acquired a new position in shares of Veritone in the 1st quarter valued at $68,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Veritone in the 4th quarter valued at $52,000. AQR Capital Management LLC acquired a new position in shares of Veritone in the 3rd quarter valued at $144,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Veritone in the 4th quarter valued at $76,000. Institutional investors own 22.35% of the company’s stock.
Veritone Company Profile
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.
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