Veritone Inc (VERI) Expected to Announce Quarterly Sales of $4.48 Million
Equities analysts predict that Veritone Inc (NASDAQ:VERI) will post $4.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Veritone’s earnings. The lowest sales estimate is $3.84 million and the highest is $5.20 million. The business is scheduled to issue its next earnings results after the market closes on Monday, February 26th.
On average, analysts expect that Veritone will report full year sales of $4.48 million for the current financial year, with estimates ranging from $14.75 million to $16.11 million. For the next fiscal year, analysts anticipate that the firm will report sales of $30.27 million per share, with estimates ranging from $29.30 million to $31.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Veritone.
Several research analysts have recently commented on VERI shares. Zacks Investment Research reiterated a “hold” rating on shares of Veritone in a research note on Saturday, January 13th. Craig Hallum set a $31.00 target price on Veritone and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. B. Riley reiterated a “sell” rating and set a $15.00 target price on shares of Veritone in a research note on Thursday, December 21st. BidaskClub downgraded Veritone from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Finally, Roth Capital reduced their target price on Veritone from $62.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Veritone has an average rating of “Hold” and a consensus price target of $21.50.
A number of large investors have recently added to or reduced their stakes in VERI. SG Americas Securities LLC acquired a new stake in Veritone during the 3rd quarter worth approximately $132,000. Vanguard Group Inc. acquired a new stake in Veritone during the 2nd quarter worth approximately $132,000. Schwab Charles Investment Management Inc. acquired a new stake in Veritone during the 3rd quarter worth approximately $205,000. Mycio Wealth Partners LLC acquired a new stake in Veritone during the 4th quarter worth approximately $255,000. Finally, Quantbot Technologies LP acquired a new stake in Veritone during the 3rd quarter worth approximately $263,000. 8.37% of the stock is owned by institutional investors and hedge funds.
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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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