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Veritone ( (VERI) ) has shared an update.
On September 10, 2025, Veritone, Inc. entered into an underwriting agreement with Needham & Company, LLC to issue and sell 9,505,705 shares of its common stock in an underwritten public offering at $2.63 per share. The offering closed on September 12, 2025, with net proceeds of approximately $26.8 million. The funds are intended for working capital and general corporate purposes, including debt service and repayment. This move is part of Veritone’s strategy to bolster its financial position and support its operations in the AI solutions industry.
The most recent analyst rating on (VERI) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Veritone stock, see the VERI Stock Forecast page.
Spark’s Take on VERI Stock
According to Spark, TipRanks’ AI Analyst, VERI is a Neutral.
Veritone’s overall stock score reflects significant financial challenges, with declining revenues and high leverage being major concerns. However, strong technical indicators and positive earnings call highlights, including growth in AI solutions and strategic contracts, provide some optimism. The valuation remains unattractive due to ongoing losses. Recent corporate events suggest strategic efforts to improve financial stability and growth prospects.
To see Spark’s full report on VERI stock, click here.
More about Veritone
Veritone, Inc. (NASDAQ: VERI) is a company that builds human-centered enterprise AI solutions. It serves customers in industries such as media, entertainment, public sector, and talent acquisition. Veritone’s software and services, including its leading enterprise AI platform aiWARE, help organizations run more efficiently, accelerate decision making, and increase profitability by transforming data sources into actionable intelligence.
Average Trading Volume: 3,108,742
Technical Sentiment Signal: Buy
Current Market Cap: $208.9M
See more data about VERI stock on TipRanks’ Stock Analysis page.