Veritone (NASDAQ:VERI – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -1.750–1.560 for the period, compared to the consensus estimate of -0.530. The company issued revenue guidance of $93.7 million-$105.6 million, compared to the consensus revenue estimate of $109.0 million. Veritone also updated its FY 2026 guidance to EPS.
Veritone Stock Performance
Veritone stock opened at $1.88 on Friday. The firm’s 50 day simple moving average is $2.75 and its 200 day simple moving average is $4.30. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.77. The firm has a market capitalization of $172.60 million, a PE ratio of -2.81 and a beta of 2.36. Veritone has a 1-year low of $1.22 and a 1-year high of $9.42.
Analysts Set New Price Targets
A number of analysts recently weighed in on VERI shares. D. Boral Capital reaffirmed a “buy” rating and set a $14.00 target price on shares of Veritone in a report on Friday, March 27th. Wall Street Zen lowered shares of Veritone from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $9.00 price target on shares of Veritone in a report on Monday, March 30th. Three research 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.com, Veritone presently has an average rating of “Hold” and a consensus target price of $8.75.
Hedge Funds Weigh In On Veritone
Institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of Veritone in the 4th quarter worth $25,000. Franklin Resources Inc. purchased a new stake in shares of Veritone in the 3rd quarter valued at $50,000. Sherbrooke Park Advisers LLC bought a new position in shares of Veritone during the 3rd quarter valued at $80,000. Jefferies Financial Group Inc. bought a new position in shares of Veritone during the 3rd quarter valued at $82,000. Finally, EntryPoint Capital LLC bought a new position in shares of Veritone during the 4th quarter valued at $84,000. Institutional investors 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.
Read More
Receive News & Ratings for Veritone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone and related companies with MarketBeat.com's FREE daily email newsletter.
