Veritone's Earnings Analysis.
Veritone, Inc. (Ticker: VERI) operates in the Information Technology sector, specifically in the Software industry. As of the latest data, Veritone's stock price is $4.69, and it has a market capitalization of approximately $172.71 million. The stock has experienced significant volatility, with a beta of 3.14.
In terms of performance, Veritone's stock has seen a 1-day return of +4.45%, a 1-month return of 25.40%, and a 3-month return of -3.30%. However, on a longer time frame, the stock has underperformed, with a 1-year return of -23.74% and a 3-year return of -72.23%.
Focusing on earnings, Veritone reported an earnings per share (EPS) of $0.37 for the quarter ending on December 31, 2021, which was a positive surprise as it surpassed the estimated EPS of $0.21 by 76.19%. However, for the quarter ending on December 31, 2022, the EPS estimate is $0.07.
The company has a negative profit margin of 18.13% and a negative operating margin (TTM) of 41.4%. The return on assets (TTM) is -8.92%, and the return on equity (TTM) is -40.93%. The revenue (TTM) stands at $145.58 million, with a gross profit (TTM) of $122.30 million.
Here is a visual representation of Veritone's earnings history:
In summary, Veritone has experienced volatility and underperformance in the long term. Although it surpassed earnings estimates in the quarter ending December 2021, the company's margins and returns are negative, indicating challenges in profitability.
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In light of the recent performance and earnings report of Veritone, it is noteworthy to mention the latest news surrounding the company. On June 21, 2023, Veritone announced that it has entered into an agreement with PandoLogic, a leader in programmatic recruitment advertising. Through this partnership, Veritone aims to integrate its aiWARE operating system with PandoLogic’s pandoIQ platform. This integration is expected to enable mutual customers to leverage artificial intelligence (AI) to enhance recruitment advertising campaigns.
This news is significant as it reflects Veritone's continuous efforts to expand its AI capabilities and forge strategic partnerships. The integration with PandoLogic’s platform could potentially open new avenues for revenue generation and customer acquisition for Veritone. Investors and stakeholders should closely monitor how this partnership evolves and what impact it could have on Veritone's financial performance in the coming quarters. The company's recent positive performance and earnings report, coupled with this strategic partnership, could be indicative of Veritone's commitment to growth and innovation in the AI sector.
The sentiment analysis of Veritone provides insights into the social sentiment surrounding the stock. As of June 21, 2023, the social sentiment score for Veritone is neutral, with a score of 50. In the days leading up to this, the sentiment has been mixed, with positive sentiment recorded on June 17, 2023, and negative sentiment on June 19 and 20, 2023. The activity level, which represents the volume of social media posts, has been relatively low to moderate.
This sentiment analysis is crucial in understanding the market's perception of Veritone, especially in light of its recent performance and earnings report, as well as the announcement of its partnership with PandoLogic. The neutral sentiment indicates that the market is still assessing the potential impact of the recent news and financial data. Investors should keep an eye on the sentiment trends as they can often be indicative of future stock movements. A sustained positive sentiment may signal growing confidence in Veritone's strategic moves and financial performance, while a negative sentiment might suggest concerns or skepticism among investors and market participants.
Veritone: The AI Wizard or Just Another Tech Mirage?
Ahoy, savvy investors and stock market enthusiasts! Gather around as we embark on a thrilling journey through the mystical lands of Veritone, Inc. (NASDAQ: VERI). Is it the Gandalf of AI, or just another tech wannabe? Let’s find out!
The AI Maestro
First things first, what on Earth is Veritone? Well, my dear Watson, Veritone is a company that dabbles in artificial intelligence (AI). They've got this fancy platform called aiWARE, which is like a Swiss Army knife for AI. It's got machine learning, cognitive functions, and all the bells and whistles to turn your boring unstructured data into a treasure trove of insights. They're also into media advertising, so they're not putting all their eggs in one basket. Smart move, Veritone!
The Numbers Game
Now, let's talk turkey. How is Veritone doing in the stock market? Well, as of June 21, 2023, Veritone is strutting around with a share price of $4.69. Not exactly the high-roller table, but hey, we’ve all got to start somewhere. The company had a 1-month return of 25.40%, which is not too shabby. But hold your horses; the year-to-date return is -11.51%. Ouch! That’s like biting into an apple and finding a worm.
But wait, there's more! Veritone’s earnings report is like a roller coaster ride. The company’s revenue for the last 12 months was $145.58 million, but they’ve got an EBITDA of -$37.08 million. That’s right, folks; they’re in the red. The Wall Street gurus have a target price of $5.02 for Veritone. So, is it time to break open the piggy bank? Not so fast!
The Latest Gossip
Veritone recently made headlines by shaking hands with PandoLogic, an AI-driven talent acquisition company. They're teaming up to create an AI-driven job advertising platform. Sounds fancy, doesn’t it? This could be the golden ticket Veritone needs to boost its performance. Or it could be like pouring a bucket of water on a grease fire. Only time will tell!
What’s the Word on the Street?
Let’s take a peek at the social sentiment. As of June 21, 2023, the sentiment is as neutral as Switzerland. But it’s been a bit of a seesaw, with positive vibes on June 17 and some Debbie Downers on June 19 and 20. The social media crowd can’t seem to make up their minds about Veritone. It’s like choosing between pizza and tacos – both are amazing, but which one do you want right now?
The Verdict
So, what’s the final word on Veritone? Well, my fellow stock market adventurers, it’s a bit of a mixed bag. The partnership with PandoLogic could be the magic potion that propels Veritone to new heights. But the financials are a bit wobbly, like a Jenga tower that’s seen better days.
If you’re feeling adventurous and have some gold coins to spare, Veritone might be an interesting addition to your treasure chest. But if you’re looking for a surefire dragon’s hoard, you might want to keep searching.
As always, keep your wits about you, andmay the stock market gods be ever in your favor! 🚀🌟
Disclaimer: The information in this blog post is for entertainment purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
And there you have it, folks! A cheeky rundown of Veritone for all you retail investors out there. Whether you're a stock market wizard or just dipping your toes into the investment waters, it's always a wild ride. So buckle up, keep your eyes on the prize, and don't forget to have a little fun along the way. Happy investing! 🎩💰