Veritone Inc (NASDAQ:VERI) insider Ryan Steelberg acquired 30,376 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $8.20 per share, with a total value of $249,083.20. Following the acquisition, the insider now directly owns 30,671 shares of the company’s stock, valued at approximately $251,502.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of VERI stock opened at $9.56 on Thursday. Veritone Inc has a fifty-two week low of $3.65 and a fifty-two week high of $24.76.
Veritone (NASDAQ:VERI) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.41. The firm had revenue of $12.13 million during the quarter, compared to analysts’ expectations of $11.58 million. Veritone had a negative net margin of 185.03% and a negative return on equity of 86.72%. The business’s quarterly revenue was up 176.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.81) earnings per share. On average, sell-side analysts expect that Veritone Inc will post -3.27 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Veritone from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Northland Securities restated a “buy” rating and issued a $20.00 price objective on shares of Veritone in a report on Thursday, May 9th. Finally, JMP Securities assumed coverage on shares of Veritone in a report on Wednesday, April 3rd. They issued an “outperform” rating and a $10.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.75.
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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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