VERI Veritone, Inc Stock Price and Quote

The technique has proven to be very useful for finding positive surprises. Square Inc. shares are down 5.1% in Friday’s session after Craig Hallum Capital group analyst Brad Berning downgraded the stock to sell. “Competition is tired of Square winning and they are bringing scale, lower pricing, … Verizon’s stock was declining long before the company’s recent losing streak in its consumer wireless segment, so why might the stock be struggling? Investors can look no further than the company’s balance sheet. Verizon’s long-term debt has steadily increased for a decade and now sits at $152 billion.

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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. 50 employees have rated Veritone Chief Executive Officer Chad Steelberg on Glassdoor.com. Chad Steelberg has an approval rating of 56% among the company’s employees. This puts Chad Steelberg in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023. Since then, VERI stock has decreased by 51.5% and is now trading at $2.57.

• Additionally, there is so much debt that Verizon doesn’t have a lot of financial flexibility left.
• Veritone’s stock is owned by many different institutional and retail investors.
• The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
• According to 4 analysts, the average rating for VERI stock is “Sell.” The 12-month stock price forecast is $5.31, which is an increase of 107.02% from the latest price.

Verizon will eventually need to figure out how to turn the tide in its consumer wireless business; its losses have been AT&T’s gains for some time now. Highlights important chartered accountant monthly salary summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.

Veritone Stock (NASDAQ:VERI), Quotes and News Summary

One share of VERI stock can currently be purchased for approximately $2.57. Veritone’s stock is owned by many different institutional and retail investors. Insiders that own company stock include G Louis Graziadio III and Ryan Steelberg. SoFi Web 3 ETF holds 6,219 shares of VERI stock, representing 1.54% of its portfolio. We’d like to share more about how we work and what drives our day-to-day business. Compare
VERI’s historical performance
against its industry peers and the overall market.

But Verizon’s whopping 7.5% dividend yield could appeal to investors more interested in passive income than maximizing total investment returns. The big question is whether investors can trust Verizon to keep paying shareholders. According to 4 analysts, the average rating for VERI stock is “Sell.” The 12-month stock price forecast is $5.31, which is an increase of 107.02% from the latest price. Verizon’s earnings also rose from around $4.66 per share in 2019 to $5.06 in 2022 driven by higher sales. Veritone issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period.

Veritone Analyst Data

At $56.10, shares opened 10% above IPO price, giving the company a valuation of $59.9 billion. Several prominent tech firms have sought to buy into the offering. HOUSTON–(BUSINESS WIRE)–GridBeyond has announced the acquisition of Veritone Inc Energy Business, a leader in AI software and services in North America. Verizon’s total debt increased from $111 billion in 2019 to about $153 billion presently, while its total cash stood at under $5 billion as of the most recent quarter. It also garners about $38 billion in cash flows from operations. Although the company’s cash holdings are relatively low, its stable cash flows put it in a reasonably healthy condition financially.

The dividend costs Verizon approximately $2.75 billion per quarter, or $11 billion annually. The company is making about $37 billion in operating profits and will spend just under $20 billion on capital investments (maintaining its network, etc.) this year. Veritone, Inc. (VERI) saw its shares surge in the last session with trading volume being higher than average.

It recovered from the 2008 crisis to levels of around $31 in early 2010, rising roughly 16% between March 2009 and January 2010. The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009. It then rallied 48% between March 2009 and January 2010 to reach levels of 1,124. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

• The U.S. telecom giant’s share price is down 25% over the past decade.
• The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009.
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Arm Stock Opens 10% Above IPO Price in Public Debut

The company issued revenue guidance of $35.50 million-$37.50 million, compared to the consensus revenue estimate of $38.47 million. As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI. Veritone Inc. , a cloud-based artificial intelligence provider, priced its initial public offering at $15 a share Friday to raise $37.5 million. It sold 2,500,000 million shares and has granted the underwriters a 30-day op… Despite these growth and balance sheet concerns, the dividend does appear to be on solid footing.

It compares these trends to the stock’s performance during the 2008 recession. Verizon stock currently trades at $34 per share, 43% below the levels seen on May 10, 2021 (pre-inflation shock high). Verizon saw its stock trading at around $51 at the end of June 2022, just before the Fed started increasing rates, and has lost about 33% since.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 4 equities research analysts have issued 1-year price targets for Veritone’s shares. On average, they expect the company’s stock price to reach $5.31 in the next year.

Veritone Extends Partnership with Augusta National, Delivering Brand Exposure and Boosting Archival Revenue

The latest trend in earnings estimate revisions may not translate into further price increase… That said, fears of a potential recession and concerns about competition could weigh on the company’s returns in the near term. Style is an investment factor that has a meaningful https://1investing.in/ impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Does the stock’s decline signal financial trouble within Verizon? Earnings per share (EPS) have been roughly flat over the past eight years, and analysts don’t have high expectations for the coming years. The best artificial intelligence penny stocks might be on your list to get in on AI. Learn more about the best artificial intelligence penny stocks to buy now.

Separately, rising interest rates have also likely made dividend stocks, such as Verizon, a bit less attractive to investors, while also making highly leveraged companies a bit more risky. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.