Veritone

Veritone Inc is a provider of artificial intelligence (AI) computing solutions and services. It generates revenue through the delivery of its Software Products and Services which consists of revenues generated from Commercial Enterprise and Government and Regulated Industries customers using the company's aiWARE platform and hiring solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions, Managed Services which consist of revenues generated from Commercial Enterprise customers using company's content licensing services, advertising agency, influencer management and related services. It has a presence in the United States, the United Kingdom, France, Australia, Israel and India.

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VERI

Veritone shares are trading lower by 3% during Thursday&#39;s session. The company announced a direct offering agreement to sell 8,023,716 shares of common stock or pre-funded warrants.

What&#39;s Happening With Veritone (VERI) Stock Today?

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Technology innovation is outpacing government control, says Ryan Steelberg. It&#39;s up to AI companies like Veritone to ensure safe deployment and transparency. &#39;AI For Good&#39; is their mission.

EXCLUSIVE: &#39;AI For Good&#39; Essential To Advancing Society, Says Veritone CEO — &#39;We Deserve To Use These Technologies&#39;

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Shares of  Science Applications International Corporation (NYSE: SAIC) fell sharply during Monday’s session after the company reported financial fourth-quarter EPS below estimates.

Why Science Applications International Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Veritone Inc

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WIIM

ECVT

Ecovyst shares are trading lower after the company reported worse-than-expected Q4 sales results

Goldman Sachs analyst Salveen Richter maintains Relay Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) with a Buy and lowers the price target from $20 to $18.

Price Target

Analyst Ratings

RLAY

Goldman Sachs Maintains Buy on Relay Therapeutics, Lowers Price Target to $18

Wall Street is digesting a slew of economic data Thursday following updates on pending home sales, jobless claims and fourth quarter GDP estimates. Here's a look at the data and how the <a href="https://www.benzinga.com/news/econ-s/25/02/44007082/q4-gdp-holds-at-2-3-after-minor-revision-in-second-estimate">markets are reacting. </a>
GDP: The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised fourth quarter 2024 real GDP up by less than 0.1 percentage point, due mainly to higher-than-expected increases in government spending and exports. 
There were signs of rising inflation in the GDP data, including upward revisions to price indexes closely monitored by the Federal Reserve.&nbsp;
The personal consumption expenditures price index for the quarter indicated a 2.4% gain, revised up 0.1 percentage point, and a 2.7% gain, revised up 0.2 percentage points, when excluding food and energy.
Read Next:<a href="https://www.benzinga.com/news/econ-s/25/02/43977811/mortgage-rates-drop-to-lowest-levels-since-december-but-housing-market-remains-largely-stuck"> Mortgage Rates Drop To Lowest Levels Since December, But Housing Market Remains &#8216;Largely Stuck&#8217;&nbsp;</a>
The revisions come as President Donald Trump promises <a href="https://www.benzinga.com/news/global/25/02/44010093/trumps-plan-for-canada-mexico-china-tariffs-to-start-march-4-could-shake-stock-market">heavier tariffs</a> on a variety of trade partners, fueling fears that the policies could lead to lower growth and higher inflation.&nbsp;
&#8220;The immediate policy changes from the new administration (immigration enforcement and tariffs) are likely to weigh on growth while providing little relief on inflation,&#8221; Morgan Stanley analyst Mike Wilson wrote in a note to clients on Monday, as <a href="https://finance.yahoo.com/news/gdp-us-economy-grows-at-23-annualized-pace-in-fourth-quarter-matching-estimates-133216310.html">reported by</a> Yahoo Finance.&nbsp;
Jobless Claims: Thursday's data also showed initial jobless claims rose by 22,000 from the previous week to 242,000, the most in over two months and above market expectations of 221,000, indicating further softening of the job market.&nbsp;
However, recurring jobless claims dipped by 5,000 to 1,862,000 in the second week of February, below market expectations of 1,870,000, as tracked by Trading Economics.&nbsp;
"This report showed a healthy gain, but not the first ripples of what likely will be a major wave of unemployment claims, both from layoffs in the federal workforce and at companies such as Starbucks and Southwest," wrote Robert Frick, corporate economist at Navy Federal Credit Union, <a href="https://www.cnbc.com/2025/02/27/weekly-jobless-claims-jump-to-242000-more-than-expected-in-latest-sign-of-economic-softening.html">per</a> CNBC.&nbsp;
Pending Home Sales: Pending home sales fell 4.6% in January 2025 to the lowest level on record as mortgage rates held above 7% for the entire month.&nbsp;
&#8220;It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months. However, it&#8217;s evident that elevated home prices and higher mortgage rates strained affordability," NAR Chief Economist Lawrence Yun said.&nbsp;
Markets React: The three major U.S. indices are mixed on Thursday with the Dow Jones trading higher and the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500, down 0.15% at $593.53. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, was down 0.79% at $510.52 at the time of publication Thursday. 
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/02/43903335/financial-crime-weekly-1-4-billion-ethereum-stolen-in-largest-crypto-hack-ever-sec-creates-cyber-and-emerging-technologies-unit">Financial Crime Weekly: $1.4 Billion Ethereum Stolen In Largest Crypto Hack Ever, SEC Creates Cyber And Emerging Technologies Unit</a></li>
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Photo: Shutterstock

Market Summary

Econ #s

Economics

Real Estate

Pending Home Sales Crash To Record Low, Jobless Claims Soar: Wall Street Reacts

ATEC

Alphatec shares are trading higher after Piper Sandler raised its price target on the stock from $12 to $13.

Goldman Sachs analyst Neil Mehta maintains Par Pacific Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARR#NYSE">PARR</a>) with a Neutral and lowers the price target from $20 to $18.

PARR

Goldman Sachs Maintains Neutral on Par Pacific Hldgs, Lowers Price Target to $18

ARHS

Arthaus shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral and cut its price target from $15 to $12.

FWONA

Liberty Media shares are trading lower. The company Q4 financial results.

Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is taking a beating in 2025. The stock slid to a new 52-week low of $102.17 by 11 AM on Thursday.
AMD stock has plummeted 42.44% over the past year, down 15.06% year to date. It slipped another 2.17% on Feb. 27 as Nvidia Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) blockbuster earnings reinforced its dominance in the AI chip race.
While AMD's data center business is growing, the stock's technical setup suggests the pain may not be over yet.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/44012061/nvidia-shares-dip-despite-strong-q4-earnings-beat-record-revenue-whats-going-on">Nvidia Shares Dip Despite Strong Q4 Earnings Beat, Record Revenue: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">Does AMD Stock Have More Downside Ahead?</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent022725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="629" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27111710/Screenshot-2025-02-27-at-9.46.57-PM.png" alt="" class="wp-image-801949" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27111710/Screenshot-2025-02-27-at-9.46.57-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27111710/Screenshot-2025-02-27-at-9.46.57-PM-300x234.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent022725&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
AMD's share price is trading below its five-day, 20-day and 50-day exponential moving averages, signaling strong selling pressure. The eight-day simple moving average (SMA) at $109.21 and the 20-day at $111.51 both sit well above AMD stock at $102.87, reinforcing the bearish trend. 
The 50-day SMA at $117.70 and the 200-day SMA at $144.15 suggest AMD stock remains in a longer-term downtrend, struggling to find meaningful support. The Moving Average Convergence Divergence indicator at a negative 3.75 reflects accelerating downside momentum, while the Relative Strength Index at 31.80 shows the stock is nearing oversold territory.
<h2 class="wp-block-heading">What AMD Investors Should Watch For</h2>
Despite the stock's rough technicals, AMD remains fundamentally strong. 
CEO Lisa Su <a href="https://www.benzinga.com//node/43998226">expects double-digit growth</a> in 2025, driven by server and GPU demand. The company has secured $14 billion in design wins, up over 25% year over year, positioning it for long-term success. However, challenges remain as the Embedded segment posted a 13% revenue decline, and Gaming revenue plunged 59% due to weakening console demand.
Wall Street is still bullish despite the sell-off, with a consensus <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">price target of $157.33</a>, implying a 53.48% upside from current levels. 
The question is whether AMD stock can regain its footing or if the downward pressure will continue. Until the stock reclaims key moving averages, the trend remains bearish, and investors may want to wait for signs of a turnaround before making a move.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/25/02/44010093/trumps-plan-for-canada-mexico-china-tariffs-to-start-march-4-could-shake-stock-market">Trump&#8217;s Plan For Canada, Mexico, China Tariffs To Start March 4 Could Shake Stock Market</a></li>
</ul>
Photo: Shutterstock

Technicals

Nvidia Rival AMD Hits 52-Week Lows - Buying Opportunity Or More Pain Ahead?

Koppers Holdings shares are trading lower after the company reported worse-than-expected Q4 financial results.

In the current session, the stock is trading at $229.17, after a 0.21% spike. Over the past month, Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) stock increased by 3.36%, and in the past year, by 11.72%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1740675635_0.png" alt="Past Year Chart" />

<h3>A Look at Waste Management P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 76.61 in the Commercial Services &amp; Supplies industry, Waste Management Inc. has a lower P/E ratio of 33.58. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1740675635_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Price Over Earnings Overview: Waste Management

NEWT

NewtekOne shares are trading higher after the company reported better-than-expected Q4 financial results.

Goldman Sachs analyst Richard Law maintains MoonLake (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLTX#NASDAQ">MLTX</a>) with a Buy and lowers the price target from $82 to $73.

MLTX

Goldman Sachs Maintains Buy on MoonLake, Lowers Price Target to $73

CLEU

China Liberal Education Holdings shares are trading lower after the company announced the company plans to effect a share consolidation.

RBC Capital analyst Ken Herbert maintains Kratos Defense &amp; Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a Outperform and lowers the price target from $37 to $32.

KTOS

RBC Capital Maintains Outperform on Kratos Defense & Security, Lowers Price Target to $32

LZMH

LZ Technology Shares Resume Trade

In November of 2024, STIIIZY suffered a data breach that exposed the personal information of approximately 380,000 customers. The breach, attributed to the Everest cybercrime group, affected multiple locations and was traced to a compromise within one of the company's point-of-sale processing vendors. Aside from the additional data cannabis retailers are required to collect, this attack and its impacted data (names, addresses, dates of birth, driver's license numbers, passport numbers, photographs, signatures from government-issued IDs, medical cannabis card details, and transaction histories) was not necessarily unique in retailer data breaches. But, within the cannabis industry, the incident underscored not only the vulnerabilities within STIIIZY's particular digital infrastructure but also the broader risks facing the cannabis industry.
The cannabis industry, despite its rapid expansion, remains particularly vulnerable to cyberattacks due to a combination of regulatory burdens, fragmented financial infrastructure, and limited access to mainstream banking services. One of the major challenges cannabis retailers face is securing financial transactions. A popular method has been the use of "cashless ATMs," which disguise cannabis purchases as ATM withdrawals. While this workaround has enabled cannabis businesses to operate within the constraints of the financial system, it has also led to increased scrutiny from regulators and financial institutions.
This scrutiny and concern limits vendors willing to take the risks to process financial transactions associated with cannabis. Those that do take risks may not have the developed, tried, and tested cybersecurity protections of other financial transaction processing vendors. With payment processing already a fragile part of cannabis retail operations, a breach involving a point-of-sale provider, such as in the case of STIIIZY, exposes not just customer data but also systemic vulnerabilities in how the industry handles financial transactions and may potentially make the processing of such transactions even more difficult in the future.
Third-party vendors in cannabis retail are not limited to financial transactions. Because of the numerous, complicated, and fragmented regulations facing cannabis retailers across different jurisdictions, third-party vendors are critical to satisfying all the necessary requirements at a competitive price. They, for instance, operate external platforms for compliance tracking, seed-to-sale inventory management, and customer databases creating multiple points of potential failure. And issues with these vendors are not new. For example, MJ Freeway, a provider of compliance software for cannabis businesses, experienced repeated breaches that disrupted operations for dispensaries across the United States. The software, which many states require for regulatory compliance, became a liability when attackers infiltrated its system and rendered it unusable. This demonstrated how a single breach at one third-party provider could ripple across the industry.
The STIIIZY breach raises concerns about the stolen personal information in the cannabis sector. Unlike other industries, where data breaches primarily result in financial fraud or identity theft, breaches in cannabis retail could have additional consequences due to the stigma and legal gray areas surrounding cannabis use. In some states, cannabis purchases are still considered legally questionable, and consumers may fear repercussions if their purchase history is exposed. Additionally, those who use medical cannabis for the treatment of sensitive conditions could face privacy violations that extend beyond financial harm. This risk is particularly alarming given that the STIIIZY breach included information such as medical cannabis card details, which could reveal protected health information.
A primary takeaway from the STIIIZY incident should be the necessity of stronger cybersecurity measures throughout the cannabis industry. Companies must evaluate the security practices of their third-party vendors and ensure they are adhering to industry standards for data protection. While many cannabis retailers have invested heavily in compliance-related technology, cybersecurity has often been an afterthought, largely because businesses have been focused on first navigating the complex legal landscape of the industry. However, as data breaches become more frequent, companies must proactively address these security risks to protect their customers and maintain trust.
To improve security, cannabis businesses should prioritize encrypting sensitive customer information both in transit and at rest. Encryption ensures that even if attackers gain access to data, they cannot easily use it. Regular security audits of both internal systems and third-party integrations can help identify vulnerabilities before they are exploited. Employee training is also essential; many breaches occur due to human error, such as falling for phishing scams or using weak passwords. Companies should implement strict access controls to limit the number of individuals who can access sensitive customer data and require multi-factor authentication for all login attempts.
Additionally, cannabis businesses should develop and maintain an incident response plan that allows them to quickly address security breaches when they occur. The ability to detect and respond to an attack in real time can significantly reduce the damage caused by a breach. In STIIIZY's case, the breach persisted for a month before it was discovered, highlighting the need for improved monitoring and threat detection capabilities.
Government agencies and regulators also have a role to play in improving cybersecurity standards for the cannabis industry. Many states mandate strict reporting requirements for inventory tracking and compliance, yet they have not implemented similar requirements for data security. Creating cybersecurity guidelines tailored to the unique challenges of the cannabis sector would provide clearer expectations for businesses and help mitigate the risk of future breaches. Some states have started taking steps in this direction, but there remains a significant gap in enforcement and standardization.
Customers, too, should be aware of the risks associated with providing personal information to cannabis retailers. While most businesses take security seriously, data breaches and the need for ever-evolving cybersecurity protections will always remain. Consumers should use discretion when sharing information and take advantage of credit monitoring services if they are notified of a breach. They should also be mindful of phishing scams that may arise following a breach, as cybercriminals often exploit exposed data to conduct further fraudulent activities.
The STIIIZY data breach is a wake-up call for the cannabis industry, emphasizing the need for stronger cybersecurity measures, better vendor oversight, and increased awareness of digital threats. As the industry continues to grow, so too will the sophistication of cyberattacks targeting it. Businesses must stay ahead of these threats by investing in cybersecurity infrastructure, training employees, and ensuring that third-party vendors are held to the highest security standards. With proper precautions, the cannabis industry can continue to thrive while safeguarding the personal information of its customers.
Paul Schmeltzer &amp; Jason Schwent, cybersecurity attorneys at Clark Hill, PLC.
This publication is intended for general informational purposes only and does not constitute legal advice or a solicitation to provide legal services. The information in this publication is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this information without seeking professional legal counsel. The views and opinions expressed herein represent those of the individual author only and are not necessarily the views of Clark Hill PLC.&nbsp;Although we attempt to ensure that postings on our website are complete, accurate, and up to date, we assume no responsibility for their completeness, accuracy, or timeliness.

Cannabis

Growing Cybersecurity Risks in the Cannabis Industry

Goldman Sachs analyst Will Nance maintains Marqeta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MQ#NASDAQ">MQ</a>) with a Neutral and raises the price target from $4 to $4.5.

Goldman Sachs Maintains Neutral on Marqeta, Raises Price Target to $4.5

STKL

SunOpta shares are trading lower. The company reported Q4 financial results.

RBC Capital analyst Scott Heleniak maintains Intl General Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGIC#NASDAQ">IGIC</a>) with a Outperform and raises the price target from $28 to $31.

IGIC

RBC Capital Maintains Outperform on Intl General Insurance, Raises Price Target to $31

RBC Capital analyst Sean Dodge maintains Health Catalyst (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCAT#NASDAQ">HCAT</a>) with a Sector Perform and lowers the price target from $7 to $6.

HCAT

RBC Capital Maintains Sector Perform on Health Catalyst, Lowers Price Target to $6

Press Releases

Veritone Unveils Data Refinery to Power Next-Generation AI Technology

Veritone Announces AI Services Now Available on AWS Marketplace

Veritone Renews and Expands Exclusive Global Licensing Agreement with CBS News and Stations

Veritone Announces Pricing of $20.3 Million Registered Direct Offering

Veritone Introduces Contact Analytics for California Law Enforcement to Enhance Real-Time Data Insights and Strengthen Public Trust

Veritone Releases Analysis of Q4 2024 and Annual 2024 U.S. Bureau of Labor Statistics Jobs Data and AI Job Growth

Join Veritone, IDC and AWS to Uncover Actionable Strategies for Driving AI Success in Upcoming Webinar

Veritone Achieves "Awardable" Status on DoD's Tradewinds Solutions Marketplace with Three AI Solutions

Veritone to Hold Fourth Quarter and Full Year 2024 Results Conference Call on March 13th

Vital Voices Selects Veritone's AI-based Digital Media Hub for Digital Asset Management to Amplify the Voices of Women Changemakers

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Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares

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Aurora Mobile Limited - American Depositary Shares

Aurora Mobile

LivePerson

WM Technology, Inc. - Class A Common Stock

WM Tech

The9 Limited - American Depository Shares

The9

Nvni Group

OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty ordinary shares

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