Analysts Offer Predictions for Veritone FY2025 Earnings

Veritone, Inc. (NASDAQ:VERI) – Equities research analysts at HC Wainwright upped their FY2025 earnings per share (EPS) estimates for shares of Veritone in a report released on Monday, October 20th. HC Wainwright analyst S. Buck now expects that the company will post earnings of ($0.63) per share for the year, up from their prior forecast of ($0.65). HC Wainwright currently has a “Buy” rating and a $9.00 target price on the stock. HC Wainwright also issued estimates for Veritone’s FY2026 earnings at ($0.29) EPS.

A number of other equities research analysts have also recently issued reports on the company. Wall Street Zen cut Veritone from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. D Boral Capital upgraded Veritone to a “strong-buy” rating in a research note on Tuesday, September 2nd. D. Boral Capital restated a “buy” rating on shares of Veritone in a research note on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Veritone presently has an average rating of “Moderate Buy” and an average target price of $5.75.

Veritone Trading Down 6.2%

Shares of Veritone stock opened at $5.60 on Wednesday. Veritone has a 52-week low of $1.22 and a 52-week high of $9.42. The stock’s 50-day simple moving average is $4.26 and its 200 day simple moving average is $2.71. The stock has a market capitalization of $331.35 million, a P/E ratio of -6.75 and a beta of 3.23. The company has a debt-to-equity ratio of 89.57, a quick ratio of 0.89 and a current ratio of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VERI. Capital Advisors Inc. OK purchased a new position in shares of Veritone during the first quarter worth about $70,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Veritone during the first quarter worth about $102,000. NBZ Investment Advisors LLC purchased a new position in shares of Veritone during the first quarter worth about $86,000. Virtu Financial LLC purchased a new position in shares of Veritone during the first quarter worth about $30,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Veritone during the first quarter worth about $315,000. Hedge funds and other institutional investors own 39.18% of the company’s stock.

About Veritone

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.