In yesterday’s Wall Street session, Veritone Inc (NASDAQ:VERI) shares traded at $3.91, up 13.48% from the previous session.
VERI stock price is now 95.52% away from the 50-day moving average and 44.99% away from the 200-day moving average. The market capitalization of the company currently stands at $145.36M.
With the price target reduced from $2 to $1.85, ROTH MKM Upgraded its rating from Sell to Neutral for Veritone Inc (NASDAQ: VERI). On August 09, 2023, ROTH MKM Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $3.50 to quote $2, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Steelberg Ryan, President and CEO bought 49,752 shares of the company’s stock on Nov 17 ’23. The stock was bought for $101,992 at an average price of $2.05. Upon completion of the transaction, the President and CEO now directly owns 215,174 shares in the company, valued at $0.84 million. A total of 13.01% of the company’s stock is owned by insiders.
During the past 12 months, Veritone Inc has had a low of $1.48 and a high of $6.03. As of last week, the company has a debt-to-equity ratio of 3.68, a current ratio of 0.97, and a quick ratio of 0.87. The fifty day moving average price for VERI is $2.0024 and a two-hundred day moving average price translates $2.7003 for the stock.
The latest earnings results from Veritone Inc (NASDAQ: VERI) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.15 by -0.01. This compares to -$0.14 EPS in the same period last year. The net profit margin was -45.96% and return on equity was -99.37% for VERI. The company reported revenue of $35.13 million for the quarter, compared to $37.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.55 percent. For the current quarter, analysts expect VERI to generate $31.06M in revenue.
