FY2025 EPS Estimates for Veritone Raised by HC Wainwright

Veritone, Inc. (NASDAQ:VERI) – Research analysts at HC Wainwright lifted their FY2025 earnings estimates for shares of Veritone in a note issued to investors on Monday, October 20th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.63) per share for the year, up from their prior estimate of ($0.65). HC Wainwright has a “Buy” rating and a $9.00 price objective on the stock. HC Wainwright also issued estimates for Veritone’s FY2026 earnings at ($0.29) EPS.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Veritone from a “hold” rating to a “sell” rating in a report on Saturday. D Boral Capital raised shares of Veritone to a “strong-buy” rating in a report on Tuesday, September 2nd. D. Boral Capital reaffirmed a “buy” rating on shares of Veritone in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.75.

Veritone Price Performance

VERI opened at $5.97 on Wednesday. The company has a fifty day moving average price of $4.20 and a two-hundred day moving average price of $2.69. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89. Veritone has a 52 week low of $1.22 and a 52 week high of $9.42. The firm has a market capitalization of $353.24 million, a PE ratio of -7.19 and a beta of 3.23.

Institutional Investors Weigh In On Veritone

Several institutional investors have recently added to or reduced their stakes in VERI. Connective Capital Management LLC bought a new stake in Veritone in the 2nd quarter valued at $657,000. OMERS ADMINISTRATION Corp bought a new stake in Veritone in the 1st quarter valued at $315,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Veritone in the 1st quarter valued at $102,000. NBZ Investment Advisors LLC bought a new stake in Veritone in the 1st quarter valued at $86,000. Finally, Capital Advisors Inc. OK bought a new stake in Veritone in the 1st quarter valued at $70,000. 39.18% of the stock is owned by institutional investors.

About Veritone

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.