Veritone, Inc. (VERI) Sees Unusually-High Trading Volume

Shares of Veritone, Inc. (NASDAQ:VERI) saw an uptick in trading volume on Tuesday . 407,800 shares changed hands during trading, a decline of 5% from the previous session’s volume of 427,198 shares.The stock last traded at $21.04 and had previously closed at $22.07.

A number of brokerages have weighed in on VERI. B. Riley reiterated a “veri (” rating and set a $18.00 target price on shares of Veritone in a research report on Wednesday, August 9th. Roth Capital began coverage on shares of Veritone in a research report on Friday, August 11th. They set a “buy” rating and a $13.20 target price for the company. Zacks Investment Research lowered shares of Veritone from a “buy” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Northland Securities set a $19.00 target price on shares of Veritone and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.60.

Veritone (NASDAQ:VERI) last released its quarterly earnings data on Monday, November 6th. The company reported ($1.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.88). Veritone had a negative net margin of 416.28% and a negative return on equity of 1,887.29%. The firm had revenue of $3.72 million during the quarter, compared to the consensus estimate of $4.95 million. During the same quarter last year, the business posted ($3.49) earnings per share. Veritone’s revenue was up 60.3% compared to the same quarter last year. research analysts anticipate that Veritone, Inc. will post -5.22 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Veritone in the third quarter valued at approximately $1,107,000. First Republic Investment Management Inc. bought a new position in shares of Veritone in the third quarter valued at approximately $272,000. Schwab Charles Investment Management Inc. bought a new position in shares of Veritone in the third quarter valued at approximately $205,000. Wells Fargo & Company MN bought a new position in shares of Veritone in the third quarter valued at approximately $489,000. Finally, FNY Managed Accounts LLC bought a new position in shares of Veritone in the third quarter valued at approximately $521,000. Institutional investors own 8.43% of the company’s stock.

WARNING: This piece of content was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/11/16/veritone-inc-veri-sees-unusually-high-trading-volume.html.

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.

Receive News & Ratings for Veritone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply