Veritone (NASDAQ:VERI) is set to announce its earnings results after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of ($0.72) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Veritone (NASDAQ:VERI) last released its earnings results on Monday, November 12th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by ($0.08). The firm had revenue of $7.55 million during the quarter, compared to the consensus estimate of $6.03 million. Veritone had a negative return on equity of 86.60% and a negative net margin of 286.28%. Veritone’s revenue was up 102.9% compared to the same quarter last year. During the same quarter last year, the business posted ($1.31) EPS. On average, analysts expect Veritone to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Veritone stock opened at $5.36 on Thursday. The stock has a market capitalization of $105.72 million, a PE ratio of -1.17 and a beta of 2.77. Veritone has a 12-month low of $3.65 and a 12-month high of $24.76.

In related news, major shareholder Research Corp Acacia sold 200,000 shares of Veritone stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $6.22, for a total transaction of $1,244,000.00. Following the completion of the sale, the insider now owns 1,537,245 shares in the company, valued at approximately $9,561,663.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,950,000 shares of company stock valued at $10,061,500 in the last quarter. 37.00% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on VERI shares. Zacks Investment Research upgraded shares of Veritone from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Wednesday, October 17th. B. Riley upgraded shares of Veritone from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $8.00 to $9.00 in a report on Tuesday, November 13th. Roth Capital decreased their price objective on shares of Veritone from $20.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. DA Davidson decreased their price objective on shares of Veritone to $12.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. Finally, Craig Hallum decreased their price objective on shares of Veritone from $22.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.88.

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About Veritone

Veritone, Inc provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that unlocks the power of cognitive computing to transform audio, video, and other unstructured data, as well as analyzes it in conjunction with structured data in an orchestrated and automated manner to generate actionable intelligence.

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Earnings History for Veritone (NASDAQ:VERI)

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