Zacks: Veritone, Inc. (NASDAQ:VERI) Given $19.00 Average Price Target by Analysts

Shares of Veritone, Inc. (NASDAQ:VERI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $19.00 for the company and are forecasting that the company will post ($1.10) EPS for the current quarter, according to Zacks. Zacks has also assigned Veritone an industry rank of 197 out of 265 based on the ratings given to related companies.

Several analysts have recently commented on the stock. Northland Securities set a $19.00 price objective on shares of Veritone and gave the company a “buy” rating in a research report on Wednesday, July 19th. Wunderlich restated a “buy” rating and set a $18.00 price objective on shares of Veritone in a research report on Wednesday, June 21st. Finally, Craig Hallum assumed coverage on shares of Veritone in a research report on Tuesday, June 6th. They set a “buy” rating on the stock.

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Shares of Veritone (NASDAQ VERI) traded up 1.18% during mid-day trading on Monday, hitting $10.30. The stock had a trading volume of 16,114 shares. Veritone has a 1-year low of $8.90 and a 1-year high of $15.64. The firm’s market capitalization is $153.72 million. The stock’s 50-day moving average is $11.91 and its 200 day moving average is $12.41.

Veritone (NASDAQ:VERI) last released its quarterly earnings results on Tuesday, June 20th. The company reported ($3.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($4.16) by $1.07. The business had revenue of $3.11 million during the quarter, compared to the consensus estimate of $2.40 million. Equities research analysts predict that Veritone will post ($2.95) EPS for the current fiscal year.

In other news, Director G Louis Graziadio III acquired 24,780 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of $11.67 per share, for a total transaction of $289,182.60. Following the transaction, the director now directly owns 82,349 shares of the company’s stock, valued at $961,012.83. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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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