Veritone Intrinsic Stock Value – Veritone Files to Offer 3.01M Shares to Existing Shareholders
January 5, 2024
☀️Trending News
Veritone ($NASDAQ:VERI) Inc. has recently announced that they will offer 3.01 million shares to their existing shareholders. Veritone Inc. is a technology-driven company that specializes in artificial intelligence and cognitive computing. Their services are designed to help organizations analyze and understand audio and video content to uncover valuable insights. Veritone is currently traded on the NASDAQ under the symbol VERI and has seen growth in its stock price since its IPO.
The offering of 3.01 million shares is an opportunity for existing shareholders to purchase additional shares at an attractive price, and potentially make a profit through the sale of those shares. This offering is an opportunity for existing shareholders to further invest in Veritone’s success and potentially benefit from their potential future growth.
Market Price
This came amid a day where VERITONE’s stock opened at $1.8 and closed at $1.7, dropping by 6.0%, which was a decrease from the prior closing price of $1.8. This offering will likely be intended to raise additional capital for the company, as well as to reward investors who have been with the company for a longer period of time. It is unclear how the money raised from this offering will be used, but it could be used to expand the company’s operations and increase its presence in the market. The offering may also provide investors with an opportunity to get in on the ground floor of an up-and-coming tech company, which could offer significant returns in the future. Veritone_Files_to_Offer_3.01M_Shares_to_Existing_Shareholders”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritone. More…
| Total Revenues | Net Income | Net Margin |
| 137.25 | -66.09 | -60.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritone. More…
| Operations | Investing | Financing |
| -19.74 | -54.73 | -49.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritone. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 359.42 | 340.72 | 0.51 |
Key Ratios Snapshot
Some of the financial key ratios for Veritone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.0% | – | -47.5% |
| FCF Margin | ROE | ROA |
| -18.1% | -141.1% | -11.3% |
Analysis – Veritone Intrinsic Stock Value
At GoodWhale, we have conducted a comprehensive analysis of VERITONE’s financials. Using our proprietary Valuation Line, we have determined that fair value of VERITONE shares is approximately $16.7. Currently, the company’s stock is trading at $1.7; this represents a huge discrepancy of 89.8%, making VERITONE shares extremely undervalued at the moment. Veritone_Files_to_Offer_3.01M_Shares_to_Existing_Shareholders”>More…
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($NYSE:INFA)
Informatica Inc is a publicly traded company with a market capitalization of 5.22 billion as of 2022. The company has a return on equity of 0.39%. Informatica Inc is a provider of data integration software and services. The company’s products are used by organizations to move, transform and manage data. Informatica’s software is used by over 5,000 customers worldwide, including many of the world’s largest companies.
– ZeroFox Holdings Inc ($NASDAQ:ZFOX)
Zynga Inc is an American social game developer running social video game services founded in April 2007 and headquartered in San Francisco, California, United States. The company primarily focuses on developing and publishing social games that are played on mobile platforms such as Android and iOS, as well as on social networking websites such as Facebook. Zynga Inc has a market cap of 498.71M as of 2022, a Return on Equity of 366.87%. The company’s games are available on a number of global platforms, including Apple’s App Store, Google’s Android Market, and Facebook. Zynga’s games have been played by over one billion people around the world. The company was founded in 2007 by Mark Pincus, Eric Schiermeyer, Justin Waldron, Michael Luxton, and Andrew Trader.
– IXUP Ltd ($ASX:IXU)
Pixup Ltd is a media company that operates in the entertainment industry. The company has a market cap of 53.93M as of 2022 and a ROE of -37.67%. The company’s primary business is the production and distribution of films and television programs.
Summary
Veritone Inc. (VERI) is an artificial intelligence platform provider that recently announced plans to sell 3.01M shares for its current stockholders. Following the announcement, the stock price immediately dropped, leading some investors to speculate that the company is not receiving the same level of investor demand as it did prior to this sale. Despite this, analysts remain optimistic that the sale could be beneficial for Veritone in the long run, allowing the company to raise capital for strategic initiatives that could help it to grow its business and better compete in the AI space. Investors should keep an eye on Veritone’s upcoming performance to gauge whether the stock price can rebound in light of the sale.
