A number of firms have modified their ratings and price targets on shares of Veritone (NASDAQ: VERI) recently:

  • 11/22/2017 – Veritone had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $31.00 price target on the stock, down previously from $60.00.
  • 11/15/2017 – Veritone had its “sell” rating reaffirmed by analysts at B. Riley. They now have a $15.00 price target on the stock.
  • 11/11/2017 – Veritone was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Veritone, Inc. is an artificial intelligence company. It developed the Veritone Platform, which unlocks the power of AI-based cognitive computing to transform and analyze unstructured public and private audio and video data for clients in the media, politics, legal and law enforcement industries. Veritone, Inc. is based in Newport Beach, United States. “
  • 11/7/2017 – Veritone was downgraded by analysts at B. Riley from a “buy” rating to a “sell” rating. They now have a $15.00 price target on the stock, down previously from $18.00.
  • 10/11/2017 – Veritone was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Veritone, Inc. is an artificial intelligence company. It developed the Veritone Platform, which unlocks the power of AI-based cognitive computing to transform and analyze unstructured public and private audio and video data for clients in the media, politics, legal and law enforcement industries. Veritone, Inc. is based in Newport Beach, United States. “
  • 9/29/2017 – Veritone had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $62.00 price target on the stock, up previously from $13.20.

Shares of Veritone, Inc. (VERI) opened at $22.90 on Thursday. Veritone, Inc. has a 1 year low of $7.76 and a 1 year high of $74.92.

Veritone (NASDAQ:VERI) last announced its quarterly earnings results on Monday, November 6th. The company reported ($1.31) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.88). Veritone had a negative return on equity of 1,887.29% and a negative net margin of 416.28%. The business had revenue of $3.72 million during the quarter, compared to the consensus estimate of $4.95 million. During the same quarter in the prior year, the firm posted ($3.49) EPS. The company’s revenue for the quarter was up 60.3% on a year-over-year basis. research analysts predict that Veritone, Inc. will post -5.22 earnings per share for the current fiscal year.

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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