Somewhat Positive News Coverage Somewhat Unlikely to Affect Veritone (VERI) Stock Price
Media coverage about Veritone (NASDAQ:VERI) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Veritone earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news coverage about the company an impact score of 41.3786722066743 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Veritone (NASDAQ:VERI) opened at $22.95 on Thursday. Veritone has a fifty-two week low of $7.76 and a fifty-two week high of $74.92.
Veritone (NASDAQ:VERI) last released its quarterly earnings results on Monday, November 6th. The company reported ($1.31) earnings per share (EPS) 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 firm had revenue of $3.72 million for the quarter, compared to the consensus estimate of $4.95 million. During the same quarter in the previous year, the business posted ($3.49) EPS. The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. analysts predict that Veritone will post -5.64 earnings per share for the current year.
VERI has been the topic of several recent research reports. Craig Hallum set a $31.00 target price on shares of Veritone and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Northland Securities set a $23.00 price target on shares of Veritone and gave the stock a “buy” rating in a report on Sunday, September 10th. Roth Capital restated a “buy” rating and set a $62.00 price target (up previously from $13.20) on shares of Veritone in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Veritone from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, B. Riley restated a “sell” rating and set a $15.00 price target on shares of Veritone in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Veritone currently has a consensus rating of “Buy” and a consensus price target of $26.50.
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Veritone Company Profile
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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