Veritone Inc (NASDAQ:VERI) Director Richard H. Taketa purchased 9,021 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of $7.49 per share, for a total transaction of $67,567.29. Following the completion of the purchase, the director now directly owns 9,887 shares in the company, valued at approximately $74,053.63. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of VERI stock traded up $0.63 on Monday, reaching $8.12. 26,072 shares of the stock were exchanged, compared to its average volume of 519,449. The company’s 50 day moving average price is $7.75. The stock has a market cap of $152.37 million, a P/E ratio of -2.33 and a beta of 1.59. Veritone Inc has a twelve month low of $3.65 and a twelve month high of $24.00.
Veritone (NASDAQ:VERI) last issued its earnings results on Wednesday, May 8th. The company reported ($0.48) EPS for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.41. The firm had revenue of $12.13 million during the quarter, compared to the consensus estimate of $11.58 million. Veritone had a negative net margin of 185.03% and a negative return on equity of 86.72%. The company’s revenue was up 176.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.81) earnings per share. Sell-side analysts predict that Veritone Inc will post -3.27 EPS for the current year.
VERI has been the topic of a number of research reports. Zacks Investment Research lowered shares of Veritone from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Northland Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Veritone in a research report on Thursday, May 9th. Finally, JMP Securities began coverage on shares of Veritone in a report on Wednesday, April 3rd. They issued an “outperform” rating and a $10.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.75.
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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