Media headlines about Veritone (NASDAQ:VERI) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veritone earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5568639788009 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- ESPN partners with Veritone AI platform to analyze sports coverage (finance.yahoo.com)
- Zacks: Analysts Expect Veritone Inc (VERI) Will Post Earnings of -$0.81 Per Share (americanbankingnews.com)
- Veritone Inc (VERI) CFO Peter F. Collins Purchases 10,000 Shares (americanbankingnews.com)
- Contrasting Veritone (VERI) and Demandware (DWRE) (americanbankingnews.com)
- Veritone Announces Multiple New Agreements with Leading Broadcasters to Efficiently Ingest, Track and Extend Content (finance.yahoo.com)
VERI has been the subject of several research reports. Zacks Investment Research reaffirmed a “hold” rating on shares of Veritone in a report on Saturday, January 13th. Craig Hallum set a $31.00 price target on Veritone and gave the stock a “buy” rating in a report on Wednesday, November 22nd. B. Riley reaffirmed a “sell” rating and issued a $15.00 price objective on shares of Veritone in a research report on Thursday, December 21st. BidaskClub downgraded Veritone from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 11th. Finally, Roth Capital lowered their price target on Veritone from $62.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Veritone has a consensus rating of “Hold” and a consensus price target of $19.33.
Veritone (NASDAQ:VERI) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.24). Veritone had a negative net margin of 413.52% and a negative return on equity of 252.85%. The firm had revenue of $3.49 million for the quarter, compared to analyst estimates of $4.41 million. During the same quarter in the previous year, the company earned ($4.12) EPS. The company’s quarterly revenue was up 75.4% compared to the same quarter last year. equities research analysts expect that Veritone will post -2.92 earnings per share for the current fiscal year.
In related news, CFO Peter F. Collins purchased 10,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $14.16 per share, for a total transaction of $141,600.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
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Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
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