Veritone (VERI) Rating Lowered to Strong Sell at BidaskClub

Veritone (NASDAQ:VERI) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Sunday.

A number of other brokerages have also commented on VERI. Zacks Investment Research upgraded Veritone from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. B. Riley lowered Veritone from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $18.00 to $15.00 in a research report on Tuesday, November 7th. Finally, Craig Hallum set a $31.00 price objective on Veritone and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $26.50.

Shares of Veritone (NASDAQ:VERI) opened at $15.72 on Friday. The company has a market capitalization of $243.95 and a PE ratio of -2.90. Veritone has a 12-month low of $7.76 and a 12-month high of $74.92.

Veritone (NASDAQ:VERI) last announced its quarterly earnings data on Monday, November 6th. The company reported ($1.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.88). The firm had revenue of $3.72 million during the quarter, compared to analyst estimates of $4.95 million. Veritone had a negative return on equity of 1,887.29% and a negative net margin of 416.28%. Veritone’s revenue for the quarter was up 60.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.49) earnings per share. equities research analysts expect that Veritone will post -5.8 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Veritone during the 2nd quarter worth about $132,000. SG Americas Securities LLC acquired a new position in shares of Veritone during the 3rd quarter worth about $132,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Veritone during the 3rd quarter worth about $205,000. Mycio Wealth Partners LLC acquired a new position in shares of Veritone during the 4th quarter worth about $255,000. Finally, Quantbot Technologies LP acquired a new position in shares of Veritone during the 3rd quarter worth about $263,000. Institutional investors own 6.23% of the company’s stock.

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About Veritone

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.

Analyst Recommendations for Veritone (NASDAQ:VERI)

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