Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. The company develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as cognitive queries, predictions, correlations, and analyses in real-time using AI models in various categories comprising transcription, face recognition, and object recognition to reveal valuable insights from vast amounts of structured and unstructured data. It also provides media advertising agency services, including media planning and strategy, advertisement buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants. The company serves media and entertainment, government, legal and compliance, energy, and other vertical markets. It has a strategic relationship with Alteryx, Inc. to power the Alteryx analytic process automation platform with New, advanced AI capabilities. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was incorporated in 2014 and is headquartered in Denver, Colorado.
IPO Year: 2017
Exchange: NASDAQ
Website: veritone.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/30/2024 | $3.50 | Sell → Neutral | UBS |
2/1/2024 | $2.00 → $1.85 | Sell → Neutral | ROTH MKM |
8/9/2023 | $3.50 → $2.00 | Neutral → Sell | ROTH MKM |
6/1/2023 | $8.00 → $3.00 | Buy → Neutral | ROTH MKM |
4/20/2023 | $8.00 → $5.00 | Neutral → Underperform | BofA Securities |
7/13/2022 | $14.00 → $10.00 | Buy → Neutral | BofA Securities |
4/12/2022 | $18.00 | Neutral | UBS |
3/4/2022 | $40.00 → $30.00 | Outperform | Northland Capital Markets |
3/4/2022 | $25.00 → $23.00 | Hold | Stifel |
2/9/2022 | $22.00 | Buy | BofA Securities |
New Offering Helps Enterprises Transform Unstructured Data into AI-Ready Assets, Enabling Breakthroughs in AI Models and Applications Veritone, Inc. (NASDAQ:VERI), a leader in building enterprise AI solutions, today announced the launch of Veritone Data Refinery (VDR) a groundbreaking offering designed to help enterprises transform vast amounts of unstructured data into high-quality, AI-ready assets. Leveraging Veritone's proprietary aiWARE™ platform, this new solution empowers organizations to transform and manage their video, audio and text data for training sophisticated AI models, and even optimize revenue opportunities through data monetization. According to CB Insights, the availa
Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, announced that Ryan Steelberg, President and Chief Executive Officer, and Mike Zemetra, Chief Financial Officer, will be presenting at Needham's 6th Annual Virtual Infrastructure, Data Analytics Software, and Cloud Communications Conference on Wednesday, November 20, 2024 at 1:30 PM ET / 10:30 AM PT. The presentation will be followed by a 15 minute moderated Q&A session. A live webcast of the presentation will be accessible on the Veritone Investor Relations website at https://investors.veritone.com/ under "News & Events." For additional information or to schedule a one-on-one meeting with Veriton
AI solutions help to optimize recruiting, reduce costs and improve efficiency in hiring talent Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, today announced the launch of its innovative programmatic job advertising service in Australia. The offering aims to revolutionize the recruitment landscape by optimizing candidate sourcing through artificial intelligence, automating job ad placements, reducing costs and improving the quality of applications. Leveraging automation and real-time data-driven insights, Veritone's performance-based job advertising helps employers distribute job ads across more than 2,000 job boards in more than 180 countries
Veritone expands leadership in AI, media and entertainment services Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today announced that it has achieved AWS Media and Entertainment Services Competency in Media Supply Chain and Data Science & Analytics, recognizing the company's specialized expertise, technical proficiency and proven success in helping customers transform their media and entertainment operations with innovative cloud-based AI solutions. Veritone achieving the AWS Media & Entertainment Services Competency provides customers with several benefits, including technical validation and support, and accelerated innovation and product development
– Q3 Revenue of $22.0 million, in line with our previous preliminary estimates – – Q3 Software and Managed Services Revenue of $14.7 and $7.3 million – – ARR of $63.3 million from 3,291 Total Software Products & Services Customers, including $48.3 million or 76% from subscription-based customers demonstrating diversified & stable revenue streams – – Completed restructuring through Q3 resulting in forecasted annualized savings of over 15% in operating expense from FY 2023 accelerating expected profitability into fiscal 2025 – – Completed divestiture of media agency in October 2024 for total consideration of up to $104 million, including $59.1 million of cash at closing and up to $18
AI remains a driving force in the labor market Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, today released its analysis of Q3 aggregated U.S. Bureau of Labor Statistics (BLS) Jobs Reports, which provide insights into the latest employment trends and market dynamics shaping the U.S. labor market. Leveraging data from Aspen Technology Labs, Inc., a global leader in web data management services and recruitment technology, Veritone also analyzed Q3 AI job growth. According to BLS data, total nonfarm payroll employment increased in Q3 by 510,000, a smaller increase than in Q2 by 4%. The U.S. unemployment rate held steady at 4.1%, which is a 2-1/2 y
Veritone Job Distribution to help automate and optimize Richemont's global recruitment program Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, today announced that Richemont, one of the world's leading luxury goods companies, has selected Veritone for a three-year contract to enhance its talent acquisition efforts. Leveraging Veritone Job Distribution technology, Richemont aims to streamline and optimize the recruitment process across its globally recognized portfolio of brands, including Cartier, Van Cleef & Arpels and Montblanc. The partnership empowers Richemont to automate and centralize job postings, facilitating opportunities to reach the m
Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered AI solutions, today announced the details of its third quarter 2024 financial results conference call. Veritone will hold a conference call on November 12th at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss its results for the third quarter 2024, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and ask to be connected to the Veritone earnings conference call. To avoid a delay in dialing in, please pre-register or join the live audio webcast. Pre-Registration* Live Audio Webcast Domestic Call Number: (844) 750-4897 Interna
Veritone's Digital Media Hub and Content Licensing to transform content management and help unlock new revenue streams Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, today announced it will manage and monetize the expansive content library of Court TV. This marks a significant step in modernizing and streamlining the content management and distribution processes for the network, one of the most recognized brands in television. Court TV, the popular multiplatform television network known for its comprehensive live coverage of the nation's most compelling trials, boasts a massive archive of legal content that dates to the channel's founding in 199
New research provides businesses with actionable insights on how to adapt to the changing recruitment environment and optimize job advertising Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, and Talent Tech Labs, a renowned talent technology research and advisory firm, have released new findings in a joint study titled, "Next Generation of Job Advertising: Strategies for Generating the Best Sourcing Results." The research provides key insights into the evolving landscape of job advertising, focusing on how companies can optimize sourcing strategies to improve recruitment outcomes. In an era when effective recruitment is becoming more challenging,
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UBS upgraded Veritone from Sell to Neutral and set a new price target of $3.50
ROTH MKM upgraded Veritone from Sell to Neutral and set a new price target of $1.85 from $2.00 previously
ROTH MKM downgraded Veritone from Neutral to Sell and set a new price target of $2.00 from $3.50 previously
ROTH MKM downgraded Veritone from Buy to Neutral and set a new price target of $3.00 from $8.00 previously
BofA Securities downgraded Veritone from Neutral to Underperform and set a new price target of $5.00 from $8.00 previously
BofA Securities downgraded Veritone from Buy to Neutral and set a new price target of $10.00 from $14.00 previously
UBS initiated coverage of Veritone with a rating of Neutral and set a new price target of $18.00
Northland Capital Markets reiterated coverage of Veritone with a rating of Outperform and set a new price target of $30.00 from $40.00 previously
Stifel reiterated coverage of Veritone with a rating of Hold and set a new price target of $23.00 from $25.00 previously
BofA Securities initiated coverage of Veritone with a rating of Buy and set a new price target of $22.00
– Q3 Revenue of $22.0 million, in line with our previous preliminary estimates – – Q3 Software and Managed Services Revenue of $14.7 and $7.3 million – – ARR of $63.3 million from 3,291 Total Software Products & Services Customers, including $48.3 million or 76% from subscription-based customers demonstrating diversified & stable revenue streams – – Completed restructuring through Q3 resulting in forecasted annualized savings of over 15% in operating expense from FY 2023 accelerating expected profitability into fiscal 2025 – – Completed divestiture of media agency in October 2024 for total consideration of up to $104 million, including $59.1 million of cash at closing and up to $18
Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered AI solutions, today announced the details of its third quarter 2024 financial results conference call. Veritone will hold a conference call on November 12th at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss its results for the third quarter 2024, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and ask to be connected to the Veritone earnings conference call. To avoid a delay in dialing in, please pre-register or join the live audio webcast. Pre-Registration* Live Audio Webcast Domestic Call Number: (844) 750-4897 Interna
- Q2 Total Revenue of $31.0 Million, In Line with Guidance - - Public Sector Record Sales Pipeline Exceeds $100 Million, Highlighted by iDEMs Solutions across the US Federal Government - - Total ARR (SaaS and Consumption) of $67.9 Million from 3,437 Total Software Products & Services Customers, Including ARR (SaaS) of $49.2 Million, Representing 72% of Total ARR from Subscription-Based Customers - - Q2 Total New Bookings of $14.0 Million, up 67% Year over Year - - Continued Organizational and Cost Restructuring Actions Driving Year over Year Improvements of 37% and 47% in Q2 Operating Loss and Non-GAAP Net Loss, respectively, compared to Q2 2023 - - Announced Formal Process to Div
Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered AI solutions, today announced the details of its second quarter 2024 financial results conference call. Veritone will hold a conference call on Thursday, August 8, 2024, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results for the second quarter 2024, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and ask to be connected to the Veritone earnings conference call. To avoid a delay in dialing in, please pre-register or join the live audio webcast. Pre-Registration* Live Audio Webcast Domestic Call Number: (844)
- Q1 Total Revenue of $31.6 Million, Outperforming the High End of Guidance - - Total ARR (SaaS and Consumption) of $72.1 Million from 3,384 Total Software Products & Services Customers, Including ARR (SaaS) of $48.6 Million or 67% from Subscription-based Customers – - Q1 Total New Bookings of $13.0 Million – - Q1 Restructuring Resulted in Over $13.0 Million in Forecasted Annualized Savings, Accelerating Non-GAAP Net Income to as Early as Q4 2024 - Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today reported results for the first quarter ended March 31, 2024. "Veritone executed at a high level in the first quarter with total revenue of $31.6 million, o
Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today announced the details of its first quarter 2024 financial results conference call. Veritone will hold a conference call on Tuesday, May 7, 2024, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results for the first quarter 2024, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and ask to be connected to the Veritone earnings conference call. To avoid a delay in dialing in, please pre-register or join the live audio webcast. Pre-Registration* Live Audio Webcast Domestic Call Number: (844) 750-4
– Fiscal Year 2023 Revenue of $127.6 Million, in line with previously stated guidance – – Q4 Total Revenue and Software Revenue of $34.2 and $19.8 million – – ARR(1) of $82.1 million from 3,460 Total Software Products & Services Customers(1), including $48 million or 58% from subscription-based customers(1) demonstrating diversified & stable revenue streams – – Announced restructuring in Q1 2024 resulting in forecasted annualized savings of over 15% in operating expense accelerating profitability into the second half of 2024 – – Closed $77.5 million four-year Senior Secured Term Debt facility, using $37.5 million of proceeds to repurchase $50.0 million of November 2026 Convertible n
Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today announced the details of its fourth quarter and full year 2023 financial results conference call. Veritone will hold a conference call on Tuesday, March 12, 2024, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its results for the fourth quarter and full year 2023, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and ask to be connected to the Veritone earnings conference call. To avoid a delay in dialing in, please pre-register or join the live audio webcast. Pre-Registration* Live Audio Webcast
- Q3 Total Revenue and Software Revenue of $35.1 and $20.4 million, respectively - - ARR(1) of $99 million from 3,536 Total Software Products & Services Customers(1), including $48 million from subscription-based customers(1) - - Over $24 million of annualized cost savings year to date - - Entered into commitment letter to raise $77.5 million in senior secured debt, of which $37.5 million will be used to repurchase existing convertible debt at 75% of par and $40.0 million in cash for operations - Veritone, Inc. (Nasdaq: VERI), a leader in designing human-centered AI solutions, today reported results for the second quarter ended September 30, 2023. "Veritone's third quarter results
Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today announced the details of its third quarter 2023 financial results conference call. Veritone will hold a conference call on Wednesday, November 8, 2023, at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss its results for the third quarter of 2023, provide an update on the business and conduct a question-and-answer session. To participate, please join the audio webcast or dial in and ask to be connected to the Veritone earnings conference call. To avoid a delay in dialing in, please pre-register or join the live audio webcast. Pre-Registration* Live Audio Webcast Domestic Call Number: (
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Former Central Intelligence Agency Chief Technology Officer assumes key role to advance Veritone's public sector initiatives Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, today announced the appointment of Gus Hunt as an advisor for its public sector division. Hunt, a renowned technology and intelligence expert and former Chief Technology Officer for the U.S. Central Intelligence Agency (CIA), will provide strategic guidance to help Veritone enhance and expand its AI offerings for government and public sector clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801233487/en/Ve
Entertainment executive brings technology and global business strategy expertise to Veritone Veritone, Inc. (NASDAQ:VERI), a leader in building human-centered enterprise AI solutions, today announced that entertainment technology executive Michael Keithley, the former CIO of United Talent Agency and CIO/CTO of CAA, has been elected to its Board of Directors ("Board"). Mr. Keithley brings to the board a wealth of experience and expertise in emerging technologies, entertainment, cybersecurity, customer experience and corporate strategy. Mr. Keithley's appointment further solidifies Veritone's commitment to leveraging AI-powered solutions to empower leaders and talent in the media, entertain
Global technology executive brings global business operations and financial expertise to Veritone Veritone, Inc. (NASDAQ:VERI) ("Veritone"), a leader in designing human-centered AI solutions, today announced the appointment of Michael Zilis to its Board of Directors ("Board"), effective November 8, 2023. "As Veritone executes its long-term strategy and embarks on its next phase of disruptive growth, I am thrilled to announce the addition of Michael Zilis as an independent director to our Board," said Ryan Steelberg, Chief Executive Officer and President of Veritone. "Michael is an accomplished public company executive and dynamic leader who shares Veritone's mission of delivering highly
Cisneros Assumes Key Role to Advance Veritone's Public Sector Division Strategic Initiatives Veritone, Inc. (NASDAQ:VERI), a leader in designing human-centered AI solutions, today announced that it has appointed former Anaheim, Calif. Chief of Police Jorge Cisneros as a Law Enforcement Advisor of Veritone Public Sector. Cisneros will work alongside Veritone's team to empower law enforcement agencies with the latest AI-driven tools for accelerating investigations, protecting personally identifiable information and improving public safety. "I am honored to join Veritone on a shared mission to empower law enforcement with tools for improving public safety," said Cisneros. "I have experienc
Seasoned Executives Join Leadership Team, Hired by Newly Appointed CEO and President, Ryan Steelberg Veritone, Inc. (NASDAQ:VERI), creator of aiWARE, and leading enterprise AI software and solutions provider, today announced that the company has named Seth Greenberg Chief Marketing & Strategy Officer and Fleming Meng Chief Information Officer. The appointments come on the heels of Ryan Steelberg assuming his new role as Veritone CEO and President. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230118005276/en/In January 2023, Ryan Steelberg assumed his new role as CEO and President of Veritone (Photo: Business Wire) "Strong lead
Veritone, Inc. (NASDAQ:VERI), a leading provider of artificial intelligence (AI) technology and solutions, has hired a new senior leadership team member. Veritone also announced that the Compensation Committee of the Company's Board of Directors has granted equity awards to the new employee under its Inducement Grant Plan, in accordance with Nasdaq Listing Rule 5635(c)(4). The equity awards consist of (i) options to purchase 60,000 shares of the Company's common stock, and (ii) restricted stock units representing the right to receive upon vesting an aggregate of 30,000 shares of the Company's common stock. The stock options granted to the new employee have ten-year terms and an exercise pr
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