Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Veritone (VERI) Share Price

News stories about Veritone (NASDAQ:VERI) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritone earned a news impact score of 0.01 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5568639788009 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

VERI has been the subject of a number of research analyst reports. Zacks Investment Research lowered Veritone from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. B. Riley restated a “sell” rating and set a $15.00 price objective on shares of Veritone in a research report on Thursday, December 21st. Craig Hallum set a $31.00 price objective on Veritone and gave the company a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub upgraded Veritone from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Roth Capital cut their price objective 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 issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.33.

VERI stock traded up $1.12 on Wednesday, reaching $16.72. The company had a trading volume of 296,968 shares, compared to its average volume of 309,974. The stock has a market capitalization of $254.70 and a price-to-earnings ratio of -2.05. Veritone has a 12 month low of $7.76 and a 12 month high of $74.92.

Veritone (NASDAQ:VERI) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.24). The company had revenue of $3.49 million during the quarter, compared to analysts’ expectations of $4.41 million. Veritone had a negative return on equity of 158.62% and a negative net margin of 413.52%. The company’s revenue was up 75.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($4.12) EPS. equities research analysts expect that Veritone will post -2.92 EPS for the current year.

In related news, Director G Louis Graziadio III purchased 12,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average price of $14.60 per share, for a total transaction of $181,040.00. Following the completion of the transaction, the director now owns 83,349 shares in the company, valued at approximately $1,216,895.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter F. Collins purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average price of $14.16 per share, with a total value of $141,600.00. The disclosure for this purchase can be found here.

TRADEMARK VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Veritone (VERI) Share Price” was reported by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://baseballnewssource.com/2018/03/21/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-veritone-veri-stock-price/1924637.html.

About Veritone

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.

Insider Buying and Selling by Quarter for Veritone (NASDAQ:VERI)

Receive News & Ratings for Veritone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat
Jim Kaat: Baseball Would Be Helped by Shortening Game to Seven Innings
Jim Kaat: Baseball Would Be Helped by Shortening Game to Seven Innings


Leave a Reply

 
© 2006-2018 BBNS.