Breaking News

Friday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Conference/Events
Adobe to host webcast of investor event » 12:55
07/23/21
07/23
12:55
07/23/21
12:55
ADBE

Adobe

$629.01 /

+5.125 (+0.82%)

Investor Event Webcast to…

Investor Event Webcast to be held on July 23 at 1 pm. Webcast Link

ShowHide Related Items >><<
ADBE Adobe
$629.01 /

+5.125 (+0.82%)

ADBE Adobe
$629.01 /

+5.125 (+0.82%)

06/18/21 JPMorgan
Adobe price target raised to $660 from $595 at JPMorgan
06/18/21 Evercore ISI
Adobe price target raised to $625 from $550 at Evercore ISI
06/18/21 BMO Capital
Adobe price target raised to $630 from $585 at BMO Capital
06/18/21 Goldman Sachs
Adobe price target raised to $665 from $580 at Goldman Sachs
ADBE Adobe
$629.01 /

+5.125 (+0.82%)

ADBE Adobe
$629.01 /

+5.125 (+0.82%)

ADBE Adobe
$629.01 /

+5.125 (+0.82%)

Conference/Events
Adobe to host webcast of investor event » 04:55
07/23/21
07/23
04:55
07/23/21
04:55
ADBE

Adobe

$623.81 /

+11.78 (+1.92%)

Investor Event Webcast to…

Investor Event Webcast to be held on July 23 at 1 pm. Webcast Link

ShowHide Related Items >><<
ADBE Adobe
$623.81 /

+11.78 (+1.92%)

ADBE Adobe
$623.81 /

+11.78 (+1.92%)

06/18/21 JPMorgan
Adobe price target raised to $660 from $595 at JPMorgan
06/18/21 Evercore ISI
Adobe price target raised to $625 from $550 at Evercore ISI
06/18/21 BMO Capital
Adobe price target raised to $630 from $585 at BMO Capital
06/18/21 Goldman Sachs
Adobe price target raised to $665 from $580 at Goldman Sachs
ADBE Adobe
$623.81 /

+11.78 (+1.92%)

ADBE Adobe
$623.81 /

+11.78 (+1.92%)

ADBE Adobe
$623.81 /

+11.78 (+1.92%)

Thursday
Upgrade
Craig-Hallum raises Veritone to Hold, sees PandoLogic greatly improving finances » 14:36
07/22/21
07/22
14:36
07/22/21
14:36
VERI

Veritone

$19.81 /

+1.11 (+5.94%)

As previously reported,…

As previously reported, Craig-Hallum analyst Chad Bennett upgraded Veritone to Hold from Sell with a price target of $20, up from $15, after the company announced an agreement to acquire PandoLogic for $150M. Veritone is "paying a remarkably low multiple" to add a recurring software business growing at a 100% compound annual growth rate with 50% EBITDA margin, said Bennett, who said the deal looks like it is "likely the most favorable transaction we have ever seen in software." While "cautiously optimistic" about the acquisition, he will need to see it play out to get real confidence in the potential pro-forma financials, added Bennett.

ShowHide Related Items >><<
VERI Veritone
$19.81 /

+1.11 (+5.94%)

VERI Veritone
$19.81 /

+1.11 (+5.94%)

07/22/21 Craig-Hallum
Veritone upgraded to Hold from Sell at Craig-Hallum
07/22/21 Roth Capital
PandoLogic deal 'adds a lot of opportunity' for Veritone, says Roth Capital
03/05/21 Northland
Veritone price target raised to $40 from $15 at Northland
03/05/21 Roth Capital
Veritone price target raised to $50 from $42 at Roth Capital
VERI Veritone
$19.81 /

+1.11 (+5.94%)

  • 03
    Dec
VERI Veritone
$19.81 /

+1.11 (+5.94%)

VERI Veritone
$19.81 /

+1.11 (+5.94%)

Upgrade
Veritone upgraded to Hold from Sell at Craig-Hallum » 14:30
07/22/21
07/22
14:30
07/22/21
14:30
VERI

Veritone

$19.81 /

+1.11 (+5.94%)

Craig-Hallum analyst Chad…

Craig-Hallum analyst Chad Bennett upgraded Veritone to Hold from Sell with a price target of $20, up from $15.

ShowHide Related Items >><<
VERI Veritone
$19.81 /

+1.11 (+5.94%)

VERI Veritone
$19.81 /

+1.11 (+5.94%)

07/22/21 Roth Capital
PandoLogic deal 'adds a lot of opportunity' for Veritone, says Roth Capital
03/05/21 Northland
Veritone price target raised to $40 from $15 at Northland
03/05/21 Roth Capital
Veritone price target raised to $50 from $42 at Roth Capital
03/05/21 JMP Securities
Veritone price target raised to $45 from $21 at JMP Securities
VERI Veritone
$19.81 /

+1.11 (+5.94%)

  • 03
    Dec
VERI Veritone
$19.81 /

+1.11 (+5.94%)

VERI Veritone
$19.81 /

+1.11 (+5.94%)

Recommendations
PandoLogic deal 'adds a lot of opportunity' for Veritone, says Roth Capital » 12:17
07/22/21
07/22
12:17
07/22/21
12:17
VERI

Veritone

$19.31 /

+0.61 (+3.26%)

Roth Capital analyst…

Roth Capital analyst Darren Aftahi said Veritone's deal to buy PandoLogic brings a new line of high-margin, SaaS revenue and "adds a lot of opportunity and cash flow." The price with earnouts of $150M "seems like a great value" from Veritone's side, added Aftahi, who has a Buy rating and $50 price target on Veritone shares.

ShowHide Related Items >><<
VERI Veritone
$19.31 /

+0.61 (+3.26%)

VERI Veritone
$19.31 /

+0.61 (+3.26%)

03/05/21 Northland
Veritone price target raised to $40 from $15 at Northland
03/05/21 Roth Capital
Veritone price target raised to $50 from $42 at Roth Capital
03/05/21 JMP Securities
Veritone price target raised to $45 from $21 at JMP Securities
02/23/21 Roth Capital
Veritone price target raised to $42 from $31 at Roth Capital
VERI Veritone
$19.31 /

+0.61 (+3.26%)

  • 03
    Dec
VERI Veritone
$19.31 /

+0.61 (+3.26%)

VERI Veritone
$19.31 /

+0.61 (+3.26%)

Conference/Events
Adobe to host webcast of investor event » 10:45
07/22/21
07/22
10:45
07/22/21
10:45
ADBE

Adobe

$620.58 /

+8.55 (+1.40%)

Investor Event Webcast to…

Investor Event Webcast to be held on July 23 at 1 pm. Webcast Link

ShowHide Related Items >><<
ADBE Adobe
$620.58 /

+8.55 (+1.40%)

ADBE Adobe
$620.58 /

+8.55 (+1.40%)

06/18/21 JPMorgan
Adobe price target raised to $660 from $595 at JPMorgan
06/18/21 Evercore ISI
Adobe price target raised to $625 from $550 at Evercore ISI
06/18/21 BMO Capital
Adobe price target raised to $630 from $585 at BMO Capital
06/18/21 Goldman Sachs
Adobe price target raised to $665 from $580 at Goldman Sachs
ADBE Adobe
$620.58 /

+8.55 (+1.40%)

ADBE Adobe
$620.58 /

+8.55 (+1.40%)

ADBE Adobe
$620.58 /

+8.55 (+1.40%)

Hot Stocks
Veritone trading resumes  07:35
07/22/21
07/22
07:35
07/22/21
07:35
VERI

Veritone

$18.70 /

+0.77 (+4.29%)

 
ShowHide Related Items >><<
VERI Veritone
$18.70 /

+0.77 (+4.29%)

VERI Veritone
$18.70 /

+0.77 (+4.29%)

03/05/21 Northland
Veritone price target raised to $40 from $15 at Northland
03/05/21 Roth Capital
Veritone price target raised to $50 from $42 at Roth Capital
03/05/21 JMP Securities
Veritone price target raised to $45 from $21 at JMP Securities
02/23/21 Roth Capital
Veritone price target raised to $42 from $31 at Roth Capital
VERI Veritone
$18.70 /

+0.77 (+4.29%)

  • 03
    Dec
VERI Veritone
$18.70 /

+0.77 (+4.29%)

VERI Veritone
$18.70 /

+0.77 (+4.29%)

Hot Stocks
Veritone acquires PandoLogic in 'immediately accretive' deal for $150M » 07:17
07/22/21
07/22
07:17
07/22/21
07:17
VERI

Veritone

$18.70 /

+0.77 (+4.29%)

Veritone announced it…

Veritone announced it signed a definitive agreement to acquire PandoLogic. Total consideration of $150M on a cash and debt free basis, payable in Veritone cash and stock, with performance earnouts through fiscal 2022. This values the transaction at approximately three times PandoLogic's expected 2021 GAAP revenues. The acquisition is expected to be immediately accretive, with PandoLogic generating over $50Mn in SaaS and related GAAP revenues and over $25M of EBITDA on a pro forma 2021 basis. PandoLogic utilizes AI to accelerate the time and improve the efficiency in the process for employers hiring at scale for both mass market and difficult-to-source candidates. PandoLogic's fully autonomous recruiting platform helps employers source talent faster and more efficiently with predictive algorithms, machine learning and AI. ..Total consideration for the acquisition of PandoLogic is $150M, consisting of upfront payments of $50M cash and $35M in Veritone stock. The remaining 43%, or $65 million in cash and stock, is payable based on earnouts tied to financial performance in fiscal 2021 and 2022. Under the terms of the agreement, Veritone will issue stock consideration valued up to $56.7 million, or 2.8 million shares of Veritone common stock, which are subject to certain trading and registration restrictions. The transaction, subject to customary domestic and Israeli closing conditions, is expected to close late in the third quarter of 2021, with the cash consideration being paid from Veritone's existing reserves. PandoLogic will become a wholly owned subsidiary of Veritone, operating in Israel. Management plans to update Veritone's guidance on August 3 when it releases its second quarter 2021 results.

ShowHide Related Items >><<
VERI Veritone
$18.70 /

+0.77 (+4.29%)

VERI Veritone
$18.70 /

+0.77 (+4.29%)

03/05/21 Northland
Veritone price target raised to $40 from $15 at Northland
03/05/21 Roth Capital
Veritone price target raised to $50 from $42 at Roth Capital
03/05/21 JMP Securities
Veritone price target raised to $45 from $21 at JMP Securities
02/23/21 Roth Capital
Veritone price target raised to $42 from $31 at Roth Capital
VERI Veritone
$18.70 /

+0.77 (+4.29%)

  • 03
    Dec
VERI Veritone
$18.70 /

+0.77 (+4.29%)

VERI Veritone
$18.70 /

+0.77 (+4.29%)

Hot Stocks
Veritone trading halted, news pending  07:00
07/22/21
07/22
07:00
07/22/21
07:00
VERI

Veritone

$18.70 /

+0.77 (+4.29%)

 
ShowHide Related Items >><<
VERI Veritone
$18.70 /

+0.77 (+4.29%)

VERI Veritone
$18.70 /

+0.77 (+4.29%)

03/05/21 Northland
Veritone price target raised to $40 from $15 at Northland
03/05/21 Roth Capital
Veritone price target raised to $50 from $42 at Roth Capital
03/05/21 JMP Securities
Veritone price target raised to $45 from $21 at JMP Securities
02/23/21 Roth Capital
Veritone price target raised to $42 from $31 at Roth Capital
VERI Veritone
$18.70 /

+0.77 (+4.29%)

  • 03
    Dec
VERI Veritone
$18.70 /

+0.77 (+4.29%)

VERI Veritone
$18.70 /

+0.77 (+4.29%)

Initiation
Asana initiated with an Outperform at FBN Securities » 06:45
07/22/21
07/22
06:45
07/22/21
06:45
ASAN

Asana

$69.70 /

+1.41 (+2.06%)

FBN Securities analyst…

FBN Securities analyst Shebly Seyrafi initiated coverage of Asana with an Outperform rating and $80 price target.

ShowHide Related Items >><<
ASAN Asana
$69.70 /

+1.41 (+2.06%)

ASAN Asana
$69.70 /

+1.41 (+2.06%)

07/15/21 KeyBanc
Asana price target raised to $75 from $48 at KeyBanc
06/18/21 Jefferies
Asana price target raised to $65 from $45 at Jefferies
06/10/21 Baird
Asana price target raised to $50 from $40 at Baird
06/04/21 RBC Capital
Asana price target raised to $45 from $39 at RBC Capital
ASAN Asana
$69.70 /

+1.41 (+2.06%)

ASAN Asana
$69.70 /

+1.41 (+2.06%)

ASAN Asana
$69.70 /

+1.41 (+2.06%)

ASAN Asana
$69.70 /

+1.41 (+2.06%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.