Favorable Media Coverage Somewhat Unlikely to Impact Veritone (VERI) Stock Price
News articles about Veritone (NASDAQ:VERI) have been trending positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veritone earned a daily sentiment score of 0.38 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.7297929872422 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Strong Buy On Veritone Inc (NASDAQ:VERI) As Major Technical Level Hits… (inthemoneystocks.com)
- Veritone Sets Fourth Quarter and Full Year 2017 Earnings Call for Monday, February 26, 2018 at 4:30 p.m. EST (finance.yahoo.com)
- Zacks: Brokerages Expect Veritone Inc (VERI) Will Post Quarterly Sales of $4.48 Million (americanbankingnews.com)
- Veritone Inc (VERI) Expected to Announce Earnings of -$0.65 Per Share (americanbankingnews.com)
- Veritone Inc (VERI) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
VERI has been the topic of a number of analyst reports. Zacks Investment Research raised Veritone from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. B. Riley cut Veritone from a “buy” rating to a “sell” rating and decreased their price target for the stock from $18.00 to $15.00 in a research note on Tuesday, November 7th. Craig Hallum set a $31.00 price target on Veritone and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub cut Veritone from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.50.
Veritone (NASDAQ:VERI) last issued its quarterly earnings results on Monday, November 6th. The company reported ($1.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.88). The firm had revenue of $3.72 million during the quarter, compared to analysts’ expectations of $4.95 million. Veritone had a negative return on equity of 1,887.29% and a negative net margin of 416.28%. Veritone’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same period in the previous year, the company earned ($3.49) earnings per share. research analysts anticipate that Veritone will post -5.8 EPS for the current fiscal year.
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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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