Veritone (NASDAQ:VERI) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $18.80 million-$19.20 million, compared to the consensus revenue estimate of $19 million.
NASDAQ VERI traded up $1.50 during trading on Tuesday, reaching $18.59. The company’s stock had a trading volume of 730,006 shares, compared to its average volume of 860,421. The stock has a market capitalization of $607.60 million, a PE ratio of -9.73 and a beta of 3.55. The firm has a fifty day moving average of $23.33 and a 200 day moving average of $28.30. Veritone has a one year low of $6.63 and a one year high of $50.34.
Veritone (NASDAQ:VERI) last announced its earnings results on Thursday, March 4th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.25. The business had revenue of $16.82 million for the quarter, compared to analyst estimates of $16.17 million. Veritone had a negative return on equity of 122.72% and a negative net margin of 94.44%. As a group, equities analysts forecast that Veritone will post -1.69 earnings per share for the current year.
A number of research firms have recently issued reports on VERI. JMP Securities upped their price objective on Veritone from $21.00 to $45.00 and gave the stock an outperform rating in a report on Friday, March 5th. Zacks Investment Research upgraded Veritone from a sell rating to a hold rating in a report on Thursday, May 6th. Northland Securities increased their target price on Veritone from $15.00 to $40.00 and gave the company an outperform rating in a report on Friday, March 5th. Finally, Roth Capital increased their target price on Veritone from $42.00 to $50.00 and gave the company a buy rating in a report on Thursday, March 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $33.43.
Veritone Company Profile
Veritone, Inc, together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. The company develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as cognitive queries, predictions, correlations, and analyses in real-time using AI models in various categories comprising transcription, face recognition, and object recognition to reveal valuable insights from vast amounts of structured and unstructured data.
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