Analysts Are Pretty Bullish … Veritone (NASDAQ:VERI)

Earnings results for Veritone (NASDAQ:VERI)

Veritone, Inc. is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.41. The reported EPS for the same quarter last year was $-0.64.

Veritone last posted its quarterly earnings results on August 10th, 2020. The reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.02. The firm earned $13.27 million during the quarter, compared to analysts’ expectations of $13.16 million. Veritone has generated ($2.85) earnings per share over the last year. Veritone has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020.

Analyst Opinion on Veritone (NASDAQ:VERI)

5 Wall Street analysts have issued ratings and price targets for Veritone in the last 12 months. Their average twelve-month price target is $12.60, predicting that the stock has a possible upside of 27.14%. The high price target for VERI is $18.00 and the low price target for VERI is $6.00. There are currently 1 sell rating and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Veritone has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating. According to analysts’ consensus price target of $12.60, Veritone has a forecasted upside of 27.1% from its current price of $9.91. Veritone has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Veritone (NASDAQ:VERI)

Veritone does not currently pay a dividend. Veritone does not have a long track record of dividend growth.

Insiders buying/selling: Veritone (NASDAQ:VERI)

In the past three months, Veritone insiders have not sold or bought any company stock. Only 25.60% of the stock of Veritone is held by insiders. Only 24.54% of the stock of Veritone is held by institutions.

Earnings and Valuation of Veritone (NASDAQ:VERI

Earnings for Veritone are expected to grow in the coming year, from ($1.72) to ($1.44) per share. The P/E ratio of Veritone is -4.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Veritone is -4.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Veritone has a P/B Ratio of 5.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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