In a report released today, Chad Bennett from Craig-Hallum maintained a Hold rating on Veritone (VERI – Research Report). The company’s shares closed last Friday at $4.03.
According to TipRanks, Bennett is a 4-star analyst with an average return of 7.2% and a 56.40% success rate. Bennett covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, Quotient Technology, and Backblaze.
Veritone has an analyst consensus of Hold, with a price target consensus of $3.81.
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Based on Veritone’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $30.26 million and a GAAP net loss of $22.96 million. In comparison, last year the company earned a revenue of $34.41 million and had a GAAP net loss of $28.25 million
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Veritone, Inc. engages in the provision of artificial intelligence (AI) computing solutions to media and entertainment, government, and legal and compliance industries. It operates through the following segments: Advertising; aiWARE SaaS Solutions; and aiWARE Content Licensing and Media Services. The Advertising segment places advertisements for clients, primarily with radio broadcasters, podcasters and digital media producers. The aiWARE SaaS Solutions segment offers solutions through a combination of its direct sales force and indirect channel partners such as value-added resellers (VARs), distributors, system integrators, managed services providers, and referral partners. The aiWARE Content Licensing and Media Services segment sells and markets activities relating to its digital content licensing services business through its direct sales force. The company was founded by Chad Steelberg and Ryan Steelberg in 2014 and is headquartered in Costa Mesa, CA.
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