What happened Shares of Veritone (NASDAQ: VERI) fell as much as 25% lower on Tuesday due to a disappointing second-quarter earnings report that was published the night before. By 3:30 p.m. EDT, the stock had recovered only slightly to a 22.4% drop, compared to Monday's closing prices.
Full Answer
How much of Veritone's stock is owned by insiders?
Apr 08, 2022 · In the past three months, Veritone insiders have bought more of their company's stock than they have sold. Specifically, they have bought $179,715.00 in company stock and sold $0.00 in company stock. Percentage Held by Insiders. 28.90% of the stock of Veritone is held by insiders. A high percentage of insider ownership can be a sign of company health.
What is the upside for Veritone's stock?
Mar 18, 2021 · RBR-TVBR. -. March 18, 2021. 0. Its earnings per share increased 57.58% over the past year in Q4. And, it beat the Wall Street consensus estimate by a penny. While that’s a positive feat in ...
What are analysts'target prices for Veritone's stock?
Aug 10, 2020 · Shares of Veritone ( VERI -5.71% ) slumped 23.8% in July, according to data from S&P Global Market Intelligence. The loss appears to have had more to do with investors cooling on the stock after ...
When did Veritone go public?
Aug 14, 2018 · Shares of Veritone (NASDAQ: VERI) fell as much as 25% lower on Tuesday due to a disappointing second-quarter earnings report that was published the night before. By 3:30 p.m. EDT, the stock had ...
Is Veritone a good stock to buy?
Veritone has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Will Veritone stock go up?
The Veritone Inc stock holds several negative signals and despite the positive trend, we believe Veritone Inc will perform weakly in the next couple of days or weeks....Predicted Opening Price for Veritone Inc of Monday, April 11, 2022.Fair opening price April 11, 2022Current price$15.75$15.57 (Undervalued)
Why is Veritone stock down?
Shares of Veritone have exhibited weakness in the fourth quarter of 2021, as investors have backed away from speculative small-cap plays. Veritone continues to turn away from organic AI development and more toward a growth-via-M&A strategy.Dec 21, 2021
What does Veritone do?
What Does Veritone Do? Veritone is a leading provider of artificial intelligence (AI) technology and solutions. The company's proprietary operating system, aiWARETM, orchestrates an expanding ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence.
When did Veritone go public?
The company IPOed on May 12, 2017.
Who are Veritones competitors?
Veritone's top competitors include Tremor International, FICO, Absolutdata, Dataiku, Angoss Software, Alteryx and Tubular Labs. Veritone is a cloud-based cognitive software company, which develops an artificial intelligence platform for various markets.
Is Veritone a SaaS company?
aiWARE SaaS Solutions Veritone lists out a number of KPIs they track for their SaaS business, but fails to include the most important SaaS metrics one expects to see such as “annual recurring revenues” or “retention rate.” One of their metrics is “total accounts on the platform” which they say is 1,896 accounts.Aug 13, 2021
What kind of company is Veritone?
About us. Veritone (Nasdaq: VERI) is a leading provider of artificial intelligence (AI) technology and solutions. The company's proprietary operating system, aiWARE™, orchestrates an expanding ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence.
Is Veritone a buy right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last twelve months. There are currently 2 hold ra...
How has Veritone's stock price been impacted by COVID-19 (Coronavirus)?
Veritone's stock was trading at $2.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organiz...
When is Veritone's next earnings date?
Veritone is scheduled to release its next quarterly earnings announcement on Tuesday, May 3rd 2022. View our earnings forecast for Veritone .
How were Veritone's earnings last quarter?
Veritone, Inc. (NASDAQ:VERI) posted its earnings results on Tuesday, November, 9th. The company reported ($0.07) earnings per share (EPS) for the q...
What guidance has Veritone issued on next quarter's earnings?
Veritone updated its FY 2022 earnings guidance on Thursday, March, 10th. The company provided earnings per share guidance of for the period. The co...
What price target have analysts set for VERI?
5 analysts have issued twelve-month price objectives for Veritone's stock. Their forecasts range from $22.00 to $49.00. On average, they expect Ver...
Who are Veritone's key executives?
Veritone's management team includes the following people: Chad Edward Steelberg , Chairman & Chief Executive Officer Ryan S. Steelberg , Preside...
What is Chad Steelberg's approval rating as Veritone's CEO?
50 employees have rated Veritone CEO Chad Steelberg on Glassdoor.com . Chad Steelberg has an approval rating of 56% among Veritone's employees. Th...
Who are some of Veritone's key competitors?
Some companies that are related to Veritone include CSG Systems International (CSGS) , JOYY (YY) , SciPlay (SCPL) , Computer Services (CSVI) ,...
What happened
Shares of Veritone ( NASDAQ:VERI) slumped 23.8% in July, according to data from S&P Global Market Intelligence. The loss appears to have had more to do with investors cooling on the stock after months of stellar gains than any business-specific news.
So what
The company increased its sales target for the second quarter to between $13.1 million and $13.3 million, up from its previous target for sales between $11.8 million and $12.2 million.
Now what
Veritone stock has bounced back in August's trading. The company's share price is up roughly 14.7% in the month so far.
About Veritone Stock
Of all the companies we’ve looked at, not one has proved to be more confusing than Veritone.
What Does Veritone Do?
Attempting to understand what the company does based on the 15 applications they list out is futile. There’s an app that helps police officers in the State of California collect stop data information, and an energy offering that helps buy, sell, and dispatch energy.
Veritone Acquires Pando
Back in 2017, we speculated that Veritone would likely start acquiring companies to boost their AI capabilities, and indeed they have. The same year they acquired some “intellectual property and technology for data analytics” from a company called Atigeo, and then in 2018, they acquired three more companies.
Conclusion
With a market cap of $682 million, Veritone falls under our $1 billion market cap threshold, so the stock would be off our radar just based on size alone.
The AI technology company plunged after a brief comment from a noted short-seller
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
What happened
Shares of Veritone Inc. ( NASDAQ:VERI) fell 30.3% on Wednesday after a short-seller suggested that the artificial intelligence technology specialist should be trading significantly lower after its recent meteoric rise.
So what
Citron is well-known for writing scathing reports on the companies it targets, then benefiting from when their stock prices decline in response. Citron made headlines early last week, for example, by leveling questionable fraud allegations against Ubiquiti Networks.
Now what
Here again, that's the risk of investing in relatively small tech companies like Veritone so soon after they've gone public. While a combination of short covering, increased visibility to retail investors, and momentum can lead to incredible gains over short periods of time, those gains can disappear just as quickly at the first sign of trouble.
