Veritone (VERI) Set to Announce Earnings on Wednesday

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Veritone (NASDAQ:VERI) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Veritone to post earnings of ($0.86) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Veritone (NASDAQ:VERI) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.89) by $0.41. The business had revenue of $12.13 million for the quarter, compared to analysts’ expectations of $11.58 million. Veritone had a negative return on equity of 86.72% and a negative net margin of 185.03%. The firm’s quarterly revenue was up 176.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.81) EPS. On average, analysts expect Veritone to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

VERI stock opened at $6.65 on Tuesday. The company has a market cap of $142.60 million, a PE ratio of -1.91 and a beta of 1.29. Veritone has a 12-month low of $3.65 and a 12-month high of $16.64. The company has a 50 day simple moving average of $7.83.

Several equities analysts recently issued reports on the company. Northland Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Veritone in a research report on Thursday, May 9th. Zacks Investment Research cut Veritone from a “strong-buy” rating to a “hold” rating and set a $8.75 price target on the stock. in a report on Saturday, July 27th. Finally, ValuEngine raised Veritone from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.68.

In other news, Director Richard H. Taketa purchased 9,021 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of $7.49 per share, with a total value of $67,567.29. Following the acquisition, the director now directly owns 9,887 shares of the company’s stock, valued at $74,053.63. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan Steelberg purchased 33,244 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of $7.49 per share, for a total transaction of $248,997.56. Following the completion of the acquisition, the insider now directly owns 30,671 shares in the company, valued at $229,725.79. The disclosure for this purchase can be found here. Insiders have bought a total of 111,142 shares of company stock worth $915,168 over the last three months. Insiders own 33.00% 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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Earnings History for Veritone (NASDAQ:VERI)

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