Veritone (NASDAQ:VERI) Posts Earnings Results
by Kim Johansen · The Markets DailyVeritone (NASDAQ:VERI – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Veritone had a negative return on equity of 361.72% and a negative net margin of 42.60%.
Veritone Stock Performance
Shares of Veritone stock opened at $2.11 on Friday. Veritone has a 52 week low of $1.22 and a 52 week high of $9.42. The business’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $4.20. The firm has a market cap of $193.71 million, a PE ratio of -3.15 and a beta of 2.36. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77.
Analysts Set New Price Targets
A number of analysts have recently issued reports on VERI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, January 21st. D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Veritone in a research note on Wednesday. HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Veritone in a research note on Monday, March 30th. Finally, Wall Street Zen lowered Veritone from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.25.
Check Out Our Latest Analysis on VERI
Key Veritone News
Here are the key news stories impacting Veritone this week:
- Positive Sentiment: Product launch — Veritone announced a next‑generation “Discovery” solution powered by a Content Intelligence AI agent, which could help drive product-led revenue growth and deepen enterprise adoption. Veritone Launches Next Generation Discovery Solution with Content Intelligence AI Agent
- Positive Sentiment: Analyst backing — D. Boral Capital reaffirmed a “buy” rating and set an $8 price target, signaling bullish analyst conviction and upside potential versus current levels. Benzinga
- Neutral Sentiment: Consensus/ratings — The company is carrying an average analyst rating of “Hold,” reflecting mixed street sentiment despite isolated bullish targets. Veritone, Inc. Given Average Rating of “Hold” by Analysts
- Neutral Sentiment: Quarterly results — Veritone released quarterly results and related materials (press release / call). The company still shows negative margins and returns, and one published EPS figure appears anomalous; investors should review the official filings and the earnings deck for concrete revenue/guidance details. View Press Release
- Negative Sentiment: Accounting error flagged — Veritone disclosed a $2.2M revenue reporting error, which raises concerns about internal controls and could prompt restatements or revisions to past results. This development is a near-term negative for investor confidence. Veritone flags $2.2M revenue reporting error
- Negative Sentiment: Shareholder investigations announced — Multiple law firms have opened securities fraud investigations into Veritone on behalf of shareholders related to disclosures around its results and prior announcements. Potential litigation or regulatory scrutiny increases legal risk and could materially affect the stock until resolved. Securities Fraud Investigation Into Veritone, Inc. (VERI) Announced – The Law Offices of Frank R. Cruz Securities Fraud Investigation Into Veritone, Inc. (VERI) Announced – Glancy Prongay Wolke & Rotter LLP
Hedge Funds Weigh In On Veritone
Several large investors have recently modified their holdings of the business. State of Wyoming acquired a new position in shares of Veritone in the 4th quarter valued at $25,000. Franklin Resources Inc. lifted its stake in shares of Veritone by 78.3% in the 4th quarter. Franklin Resources Inc. now owns 18,325 shares of the company’s stock valued at $85,000 after purchasing an additional 8,045 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Veritone by 55.9% in the 4th quarter. LPL Financial LLC now owns 45,938 shares of the company’s stock valued at $214,000 after purchasing an additional 16,481 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Veritone in the 3rd quarter valued at $80,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Veritone by 450.0% in the 4th quarter. Wells Fargo & Company MN now owns 20,460 shares of the company’s stock valued at $95,000 after purchasing an additional 16,740 shares during the last quarter. Institutional investors and hedge funds own 39.18% of the company’s stock.
About Veritone
Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.
Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.