Veritone (VERI) Scheduled to Post Earnings on Tuesday

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

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

Veritone Stock Performance

Veritone stock traded up $0.09 during mid-day trading 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 business has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.17. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 9.02. Veritone has a twelve month low of $1.48 and a twelve month high of $7.76. The firm has a market cap of $122.62 million, a price-to-earnings ratio of -1.51 and a beta of 3.33.

Wall Street Analysts Forecast Growth

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

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.