Viacom, Inc. (VIAB) Forms $27.57 Double Top; Shorts at Veritone (VERI) Raised By 1.64%

May 23, 2018 - By Clifton Ray

Viacom, Inc. (NASDAQ:VIAB) Logo

Viacom, Inc. (VIAB) formed double top with $28.95 target or 5.00% above today’s $27.57 share price. Viacom, Inc. (VIAB) has $11.42 billion valuation. The stock increased 0.44% or $0.12 during the last trading session, reaching $27.57. About 1.91 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since May 23, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

Veritone Inc (NASDAQ:VERI) had an increase of 1.64% in short interest. VERI’s SI was 1.42M shares in May as released by FINRA. Its up 1.64% from 1.40 million shares previously. With 218,500 avg volume, 7 days are for Veritone Inc (NASDAQ:VERI)’s short sellers to cover VERI’s short positions. The SI to Veritone Inc’s float is 22.65%. The stock decreased 2.15% or $0.47 during the last trading session, reaching $21.44. About 54,622 shares traded. Veritone, Inc. (NASDAQ:VERI) has 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Veritone, Inc., a cloud-based cognitive software company, develops a proprietary artificial intelligence platform for various markets in the United States and internationally. The company has market cap of $348.94 million. The Company’s cloud open platform integrates and orchestrates an ecosystem of cognitive engines to reveal multivariate insights from various amounts of audio, video, and structured data; and incorporates proprietary technology to manage and integrate a range of AI processes to mimic human cognitive functions comprising perception, reasoning, prediction, and problem solving to transform unstructured data into structured data. It currently has negative earnings. The firm offers media agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics to manage, deliver, optimize, verify, and quantify advertising campaigns and content distribution for various clients across multiple channels comprising broadcast radio, satellite audio, streaming audio, broadcast and cable television, digital video, and podcasting.

More notable recent Veritone, Inc. (NASDAQ:VERI) news were published by: Seekingalpha.com which released: “Veritone’s (VERI) CEO Chad Steelberg on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018, also Streetinsider.com with their article: “UPDATE: DA Davidson Starts Veritone (VERI) at Buy; Unique AI Pure-Play” published on April 26, 2018, Businesswire.com published: “Veritone Sets May 2018 Financial Conference Schedule” on May 11, 2018. More interesting news about Veritone, Inc. (NASDAQ:VERI) were released by: Ocbj.com and their article: “Midday Stock Roundup” published on May 09, 2018 as well as Gurufocus.com‘s news article titled: “Veritone Inc (VERI) CEO, Chairman of the Board Chad Steelberg Bought $241637 of Shares” with publication date: May 03, 2018.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 EPS, down 7.69% or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $447.43 million for 6.38 P/E if the $1.08 EPS becomes a reality. After $0.92 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by TheStreet to “Buy” on Monday, August 10. Piper Jaffray maintained Viacom, Inc. (NASDAQ:VIAB) rating on Sunday, September 24. Piper Jaffray has “Hold” rating and $40.0 target. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Underweight” rating given on Friday, August 4 by Atlantic Securities. Cowen & Co maintained Viacom, Inc. (NASDAQ:VIAB) on Tuesday, August 8 with “Hold” rating. Brean Capital upgraded Viacom, Inc. (NASDAQ:VIAB) on Tuesday, September 13 to “Buy” rating. The firm has “Outperform” rating by Wells Fargo given on Thursday, February 9. The rating was downgraded by Brean Capital on Monday, November 14 to “Hold”. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Hold”. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, January 2 report. Wunderlich maintained Viacom, Inc. (NASDAQ:VIAB) rating on Friday, August 7. Wunderlich has “Buy” rating and $87 target.

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