Veritone, Inc. (VERI) Given $19.00 Average Target Price by Analysts
Veritone, Inc. (NASDAQ:VERI) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $19.00 for the company and are predicting that the company will post ($1.20) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Veritone an industry rank of 104 out of 265 based on the ratings given to its competitors.
Several research analysts recently weighed in on VERI shares. Wunderlich reiterated a “buy” rating and issued a $18.00 price objective on shares of Veritone in a research report on Wednesday, June 21st. Northland Securities started coverage on Veritone in a research report on Tuesday, June 6th. They issued an “outperform” rating and a $19.00 price objective for the company. Craig Hallum started coverage on Veritone in a research report on Tuesday, June 6th. They issued a “buy” rating for the company. Finally, B. Riley reiterated a “buy” rating and issued a $18.00 price objective on shares of Veritone in a research report on Friday.
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Veritone (NASDAQ VERI) opened at 9.26 on Tuesday. The stock’s market cap is $138.20 million. The stock has a 50 day moving average price of $11.26 and a 200-day moving average price of $12.06. Veritone has a one year low of $8.90 and a one year high of $15.64.
Veritone (NASDAQ:VERI) last issued its quarterly earnings data on Tuesday, June 20th. The company reported ($3.09) earnings per share for the quarter, topping the consensus estimate of ($4.16) by $1.07. The business had revenue of $3.11 million during the quarter, compared to analysts’ expectations of $2.40 million. Equities research analysts expect that Veritone will post ($2.80) earnings per share for the current fiscal year.
In other news, Director G Louis Graziadio III purchased 24,780 shares of the stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average cost of $11.67 per share, for a total transaction of $289,182.60. Following the completion of the transaction, the director now directly owns 82,349 shares in the company, valued at approximately $961,012.83. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
A hedge fund recently bought a new stake in Veritone stock. Perkins Capital Management Inc. bought a new position in shares of Veritone, Inc. (NASDAQ:VERI) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 42,500 shares of the company’s stock, valued at approximately $498,000. Perkins Capital Management Inc. owned about 0.28% of Veritone at the end of the most recent quarter. Hedge funds and other institutional investors own 0.37% of the company’s stock.
Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
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