News articles about Veritone (NASDAQ:VERI) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritone earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.2132464887752 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms have issued reports on VERI. Zacks Investment Research raised Veritone from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. DA Davidson began coverage on Veritone in a research report on Thursday, April 26th. They set a “buy” rating and a $25.00 price target for the company. BidaskClub downgraded Veritone from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Cowen began coverage on Veritone in a research report on Monday, April 23rd. They set an “outperform” rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Veritone has a consensus rating of “Hold” and an average price target of $21.86.
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Shares of Veritone traded down $0.30, reaching $16.71, during midday trading on Friday, according to Marketbeat. 53,805 shares of the company were exchanged, compared to its average volume of 210,643. The stock has a market cap of $272.12 million, a PE ratio of -3.64 and a beta of -0.20. Veritone has a 1-year low of $7.76 and a 1-year high of $74.92.
Veritone (NASDAQ:VERI) last issued its quarterly earnings data on Tuesday, May 8th. The company reported ($0.81) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.08). The company had revenue of $4.40 million for the quarter, compared to analyst estimates of $3.97 million. Veritone had a negative return on equity of 98.44% and a negative net margin of 425.69%. The business’s revenue was up 41.9% compared to the same quarter last year. analysts predict that Veritone will post -3.2 EPS for the current year.
In related news, CEO Chad Steelberg acquired 11,512 shares of Veritone stock in a transaction on Monday, April 30th. The shares were bought at an average price of $20.99 per share, for a total transaction of $241,636.88. Following the completion of the purchase, the chief executive officer now directly owns 65,203 shares in the company, valued at approximately $1,368,610.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 37.00% 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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