Northland Securities restated their buy rating on shares of Veritone (NASDAQ:VERI) in a report issued on Thursday, AnalystRatings.com reports. They currently have a $10.00 price target on the stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Veritone from a buy rating to a hold rating in a research report on Saturday, October 12th. ValuEngine upgraded shares of Veritone from a buy rating to a strong-buy rating in a research report on Thursday, August 1st. Finally, Craig Hallum lowered shares of Veritone from a buy rating to a hold rating and cut their target price for the stock from $14.00 to $3.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $8.82.
Shares of NASDAQ:VERI traded up $0.01 during mid-day trading on Thursday, reaching $2.67. The company had a trading volume of 239,000 shares, compared to its average volume of 556,325. Veritone has a one year low of $2.43 and a one year high of $9.98. The company’s 50-day moving average price is $3.17 and its 200-day moving average price is $5.90. The firm has a market cap of $59.11 million, a price-to-earnings ratio of -0.77 and a beta of 1.37.
Veritone (NASDAQ:VERI) last announced its earnings results on Wednesday, November 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.35. Veritone had a negative net margin of 155.58% and a negative return on equity of 96.89%. The company had revenue of $12.81 million during the quarter, compared to analyst estimates of $12.75 million. During the same period in the previous year, the business earned ($0.46) earnings per share. The firm’s quarterly revenue was up 69.7% compared to the same quarter last year. On average, equities analysts expect that Veritone will post -3.16 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Veritone by 28.7% during the second quarter. Vanguard Group Inc. now owns 526,872 shares of the company’s stock valued at $4,405,000 after buying an additional 117,586 shares during the period. Northern Trust Corp boosted its position in Veritone by 26.3% during the second quarter. Northern Trust Corp now owns 123,846 shares of the company’s stock valued at $1,036,000 after buying an additional 25,751 shares during the period. Creative Planning purchased a new stake in Veritone during the third quarter valued at about $361,000. MML Investors Services LLC boosted its position in Veritone by 78.6% during the second quarter. MML Investors Services LLC now owns 99,850 shares of the company’s stock valued at $835,000 after buying an additional 43,950 shares during the period. Finally, Vanguard Capital Wealth Advisors boosted its position in Veritone by 133.1% during the second quarter. Vanguard Capital Wealth Advisors now owns 84,150 shares of the company’s stock valued at $703,000 after buying an additional 48,050 shares during the period. Institutional investors and hedge funds own 18.00% of the company’s stock.
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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