Veritone Inc. [NASDAQ: VERI] loss -12.92% on the last trading session, reaching $28.92 price per share at the time. The company report on March 5, 2021 that Veritone Beats Top- and Bottom-Line Guidance with Record Q4 and Full Year 2020 Financial Results.
Q4 aiWARE SaaS Solutions and Advertising Revenue each up over 50% Year over Year.
Record Q4 Revenue of $16.8 Million, Up 35% Year over Year.
Veritone Inc. represents 27.59 million in outstanding shares, while the company has a total market value of $937.88 million with the latest information. VERI stock price has been found in the range of $28.53 to $35.34.
If compared to the average trading volume of 1.03M shares, VERI reached a trading volume of 1209577 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Veritone Inc. [VERI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VERI shares is $22.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VERI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Veritone Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 21, 2020. The new note on the price target was released on July 06, 2020, representing the official price target for Veritone Inc. stock. Previously, the target price had yet another drop from $14 to $3, while Craig Hallum kept a Hold rating on VERI stock.
The Average True Range (ATR) for Veritone Inc. is set at 4.47, with the Price to Sales ratio for VERI stock in the period of the last 12 months amounting to 17.60. The Price to Book ratio for the last quarter was 23.14.
Trading performance analysis for VERI stock
Veritone Inc. [VERI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.86. With this latest performance, VERI shares dropped by -31.60% in over the last four-week period, additionally plugging by 252.68% over the last 6 months – not to mention a rise of 951.64% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VERI stock in for the last two-week period is set at 30.23, with the RSI for the last a single of trading hit 22.03, and the three-weeks RSI is set at 36.97 for Veritone Inc. [VERI]. The present Moving Average for the last 50 days of trading for this stock 37.67, while it was recorded at 34.35 for the last single week of trading, and 19.27 for the last 200 days.
Veritone Inc. [VERI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Veritone Inc. [VERI] shares currently have an operating margin of -82.61 and a Gross Margin at +61.76. Veritone Inc.’s Net Margin is presently recorded at -82.96.
Return on Equity for this stock declined to -70.60, with Return on Assets sitting at -33.46.
Receivables Turnover for the company is 1.73 with a Total Asset Turnover recorded at a value of 0.40.Veritone Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Veritone Inc. [VERI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Veritone Inc. posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VERI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Veritone Inc. go to 50.00%.
An analysis of insider ownership at Veritone Inc. [VERI]
There are presently around $391 million, or 43.90% of VERI stock, in the hands of institutional investors. The top three institutional holders of VERI stocks are: BANTA ASSET MANAGEMENT LP with ownership of 2,320,075, which is approximately New of the company’s market cap and around 4.30% of the total institutional ownership; BLACKROCK INC., holding 1,647,098 shares of the stock with an approximate value of $47.63 million in VERI stocks shares; and VANGUARD GROUP INC, currently with $47.31 million in VERI stock with ownership of nearly 24.392% of the company’s market capitalization.
Positions in Veritone Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 72 institutional holders increased their position in Veritone Inc. [NASDAQ:VERI] by around 6,417,146 shares. Additionally, 30 investors decreased positions by around 783,832 shares, while 9 investors held positions by with 6,315,526 shares. The mentioned changes placed institutional holdings at 13,516,504 shares, according to the latest SEC report filing. VERI stock had 41 new institutional investments in for a total of 5,243,412 shares, while 6 institutional investors sold positions of 123,091 shares during the same period.