Equities analysts expect Veritone Inc (NASDAQ:VERI) to post earnings per share of ($0.86) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Veritone’s earnings. The highest EPS estimate is ($0.79) and the lowest is ($0.92). Veritone reported earnings per share of ($0.88) in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The company is expected to announce its next earnings results on Monday, August 12th.
On average, analysts expect that Veritone will report full-year earnings of ($3.27) per share for the current year, with EPS estimates ranging from ($3.36) to ($3.13). For the next year, analysts forecast that the company will report earnings of ($3.11) per share, with EPS estimates ranging from ($3.65) to ($2.57). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Veritone.
Veritone (NASDAQ:VERI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.41. Veritone had a negative net margin of 185.03% and a negative return on equity of 86.72%. The company had revenue of $12.13 million during the quarter, compared to analyst estimates of $11.58 million. During the same quarter last year, the business posted ($0.81) earnings per share. The company’s revenue was up 176.3% on a year-over-year basis.
A number of equities research analysts recently commented on VERI shares. Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of Veritone in a report on Thursday, May 9th. JMP Securities began coverage on shares of Veritone in a report on Wednesday, April 3rd. They set an “outperform” rating and a $10.00 target price for the company. Finally, Zacks Investment Research raised shares of Veritone from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Veritone currently has a consensus rating of “Hold” and an average price target of $12.75.
VERI stock traded down $0.04 during midday trading on Thursday, reaching $8.43. The company’s stock had a trading volume of 11,856 shares, compared to its average volume of 670,737. The stock has a market cap of $139.36 million, a PE ratio of -2.37 and a beta of 2.81. Veritone has a 52 week low of $3.65 and a 52 week high of $24.76.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Veritone by 2.6% in the third quarter. BlackRock Inc. now owns 459,128 shares of the company’s stock valued at $4,790,000 after acquiring an additional 11,510 shares during the period. Prescott Group Capital Management L.L.C. purchased a new position in shares of Veritone during the fourth quarter worth approximately $1,863,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Veritone in the first quarter worth $187,000. Perkins Capital Management Inc. purchased a new position in shares of Veritone in the first quarter worth $1,274,000. Finally, Morgan Stanley increased its stake in shares of Veritone by 116.7% in the third quarter. Morgan Stanley now owns 641,308 shares of the company’s stock worth $6,689,000 after buying an additional 345,297 shares during the period. Hedge funds and other institutional investors own 22.35% of the company’s stock.
Veritone Company Profile
Veritone, Inc provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that unlocks the power of cognitive computing to transform audio, video, and other unstructured data, as well as analyzes it in conjunction with structured data in an orchestrated and automated manner to generate actionable intelligence.
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