| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.94 |
| 52 Week High | US$37.14 |
| 52 Week Low | US$5.72 |
| Beta | 3.02 |
| 1 Month Change | 11.36% |
| 3 Month Change | 0% |
| 1 Year Change | -63.05% |
| 3 Year Change | 61.71% |
| 5 Year Change | -3.64% |
| Change since IPO | -39.25% |
Recent News & Updates
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.
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
| VERI | US Software | US 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
| VERI volatility | |
|---|---|
| VERI Average Weekly Movement | 12.2% |
| Software Industry Average Movement | 10.5% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 546 | Chad Steelberg | https://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
| VERI fundamental statistics | |
|---|---|
| Market Cap | US$286.38m |
| Earnings (TTM) | -US$52.69m |
| Revenue (TTM) | US$146.45m |
2.0x
P/S Ratio-5.4x
P/E RatioIs VERI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VERI income statement (TTM) | |
|---|---|
| Revenue | US$146.45m |
| Cost of Revenue | US$25.70m |
| Gross Profit | US$120.74m |
| Other Expenses | US$173.44m |
| Earnings | -US$52.69m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.46 |
| Gross Margin | 82.45% |
| Net Profit Margin | -35.98% |
| Debt/Equity Ratio | 282.9% |
How did VERI perform over the long term?
See historical performance and comparison