Veritone, Inc. (NASDAQ: VERI) To Release Their Quarterly Sales of $14.39 Million


It has been predicted that Veritone, Inc. or NASDAQ: VERI will release a statement of their earnings worth $14.39 million sales in the present fiscal quarter on November 9. Their sales have been estimated to range between $14.38 million to $14.40 million. Previous year for a similar quarter, Veritone, Inc. had announced a sale worth $12.81 million presenting an annual rate of growth at 12.3%.

The sales calculations are conducted with the aid of Zacks Investment Research’s analysis of NASDAQ: VERI. Stock market analysts are expecting an entire year’s sales report amounting to $54.20 million. NASDAQ: VERI is already hopeful to achieve sales worth $63.28 million, stretching from $62.38 and $64.18 million in the upcoming economic year.

Veritone, Inc.’s latest quarterly reports on August 10, suggests that NASDAQ:  VERI had gone below the stock market estimation by the margin of $0.02 and earned $0.21 for every share. They suffered from a negative equity return resulting in 118.65% with a 106.21% net margin which was also negative. Though the stock market predicted $13.16 million in revenue, Veritone, Inc. had an income of $13.27 million through the previous quarter.

Price Objectives of NASDAQ: VERI

NASDAQ: VERI’s “hold” rating was upgraded to “buy” and the target price was set at $9 in Zacks Investment Research’s stock market report on September 26.

Northland Securities allotted the rating “buy” with a target price of $15 for NASDAQ: VERI on July 17. NASDAQ: VERI’s “buy” rating was to be reduced to “hold” by ValueEngine on September 1.

Craig Hallum decreased NASDAQ: VERI’s rating from “hold” to sell and put a price objective of $6 on July 6.

DA Davidson gave the rating “buy” after increasing its objective price from $8 to $15.

After the analysis by stock market analysts, Veritone, Inc. received one “hold” rating, two “sell” ratings, and five “buy” ratings. Presently, NASDAQ: VERI ensures a “hold” rating along with a $12 price objective.

NASDAQ: VERI Shareholders

Strs Ohio, in the second quarter, has acquired shares worth $191,000 of the NASDAQ: VERI.

The first quarter saw an increase of 180.4% in the share value by Wells Fargo and Company MN. They now hold a total share of 19,630 worth $45,000 in the stock market, after securing 12,630 shares in the previous quarter.  

Russell Investments Group Ltd. has recently added to their stakes after buying shares worth of $263,000 in the second quarter.

Bank of New York Mellon Corp has added shares worth of $1,097,000 to their stakes in the second quarter.

The State Board of Administration of Florida Retirement System owns shares worth $217,000 after they added to their stake in the second quarter.  

24.54% of Veritone, Inc.’s stocks are owned by Hedge funds along with investors belonging to the institution.

They showed a rate of $8.88 on 50 days along with a rate of $9.64 on 200 days. Their debt-to-equity rate is 0.37. NASDAQ: VERI’s stock market value stands at $268 million with the beta at 2.13 and the ratio of PE at -4.52.