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VERI

Veritone NasdaqGM:VERI Stock Report

Last Price

US$7.94

Market Cap

US$286.4m

7D

-2.6%

1Y

-63.1%

Updated

10 Aug, 2022

Data

Company Financials +
VERI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

VERI Stock Overview

Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom.

Veritone, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Veritone
Historical stock prices
Current Share PriceUS$7.94
52 Week HighUS$37.14
52 Week LowUS$5.72
Beta3.02
1 Month Change11.36%
3 Month Change0%
1 Year Change-63.05%
3 Year Change61.71%
5 Year Change-3.64%
Change since IPO-39.25%

Recent News & Updates

Jul 13

Veritone tumbles after BofA pulls bull rating

Bank of America downgraded Veritone (NASDAQ:VERI) to Neutral from Buy on Wednesday, citing Amazon automation related risk. The firm lowered its price target to $10 from $14, still implying a potential upside of 42% from stock's last close. Seeking Alpha Quant Rating system issued warning on May 5, 2022 stating VERI is at high risk of performing badly. With the Strong Sell Rating, SA Quant analysis stand apart from Wall Street's Buy arguing VERI has decelerating momentum and inferior profitability when compared to other information technology stocks. Shares of VERI fell 1.6% midday, Wednesday, to trade at $6.92 vs. 52-week trading range of $5.74 to $37.14.

Jul 08
Is Veritone (NASDAQ:VERI) Using Too Much Debt?

Is Veritone (NASDAQ:VERI) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

VERIUS SoftwareUS Market
7D-2.6%-0.6%1.2%
1Y-63.1%-14.6%-11.6%

Return vs Industry: VERI underperformed the US Software industry which returned -17.4% over the past year.

Return vs Market: VERI underperformed the US Market which returned -13.5% over the past year.

Price Volatility

Is VERI's price volatile compared to industry and market?
VERI volatility
VERI Average Weekly Movement12.2%
Software Industry Average Movement10.5%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: VERI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: VERI's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014546Chad Steelberghttps://www.veritone.com

Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, object detection and recognition, logo recognition, sentiment analysis, text keyword/topic analysis, audio/video fingerprinting, geolocation, visual moderation, and optical character recognition to reveal valuable insights from vast amounts of structured and unstructured data. The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants.

Veritone, Inc. Fundamentals Summary

How do Veritone's earnings and revenue compare to its market cap?
VERI fundamental statistics
Market CapUS$286.38m
Earnings (TTM)-US$52.69m
Revenue (TTM)US$146.45m

2.0x

P/S Ratio

-5.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VERI income statement (TTM)
RevenueUS$146.45m
Cost of RevenueUS$25.70m
Gross ProfitUS$120.74m
Other ExpensesUS$173.44m
Earnings-US$52.69m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.46
Gross Margin82.45%
Net Profit Margin-35.98%
Debt/Equity Ratio282.9%

How did VERI perform over the long term?

See historical performance and comparison