Veritone (VERI) Scheduled to Post Quarterly Earnings on Tuesday

Veritone (NASDAQ:VERI) is set to release its earnings data before the market opens on Tuesday, November 12th. Persons interested in participating in the company’s earnings conference call can do so using this link.

Veritone (NASDAQ:VERI) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $30.99 million during the quarter. Veritone had a negative net margin of 42.56% and a negative return on equity of 222.47%.

Veritone Stock Up 2.9 %

NASDAQ:VERI traded up $0.09 during trading hours on Tuesday, reaching $3.22. The company’s stock had a trading volume of 287,242 shares, compared to its average volume of 1,288,724. The company has a debt-to-equity ratio of 9.02, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $122.62 million, a price-to-earnings ratio of -1.51 and a beta of 3.33. Veritone has a one year low of $1.48 and a one year high of $7.76. The business’s 50-day moving average is $3.58 and its 200-day moving average is $3.17.

Analysts Set New Price Targets

Separately, UBS Group raised Veritone from a “sell” rating to a “neutral” rating and set a $3.50 price objective on the stock in a report on Wednesday, October 30th.

Veritone Company Profile

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.