In yesterday’s Wall Street session, Veeva Systems Inc. (NYSE:VEEV) shares traded at $167.62, down -5.06% from the previous session.
29 analysts cover Veeva Systems Inc. (NYSE:VEEV), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $234.00 and a low of $170.00, we find $200.00. Given the previous closing price of $176.55, this indicates a potential upside of 13.28 percent. VEEV stock price is now -5.41% away from the 50-day moving average and -5.70% away from the 200-day moving average. The market capitalization of the company currently stands at $26.64B.
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The stock has received a hold rating from 12 analysts and a buy rating from 13. Brokers who have rated the stock have averaged $205.88 as their price target over the next twelve months.
With the price target reduced from $205 to $195, Truist Downgraded its rating from Buy to Hold for Veeva Systems Inc. (NYSE: VEEV)., while ‘Barclays’ rates the stock as ‘Overweight’.
In other news, Chamberlain Paul Edward, Director sold 160 shares of the company’s stock on Mar 10. The stock was sold for $27,107 at an average price of $169.42. Upon completion of the transaction, the Director now directly owns 16,776 shares in the company, valued at $2.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06, Director Cabral Timothy S sold 10,000 shares of the business’s stock. A total of $1,803,955 was realized by selling the stock at an average price of $180.40. This leaves the insider owning 83,114 shares of the company worth $13.93 million. Insiders disposed of 3,500,747 shares of company stock worth roughly $586.8 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VEEV stock. A new stake in Veeva Systems Inc. shares was purchased by CAPITAL INTERNATIONAL INVESTORS during the first quarter worth $170,603,000. CCLA INVESTMENT MANAGEMENT invested $34,678,000 in shares of VEEV during the first quarter. In the first quarter, ZIEGLER CAPITAL MANAGEMENT, LLC acquired a new stake in Veeva Systems Inc. valued at approximately $12,016,000. LMR PARTNERS LLP acquired a new stake in VEEV for approximately $6,566,000. ANDAR CAPITAL MANAGEMENT HK LTD purchased a new stake in VEEV valued at around $5,531,000 in the second quarter. In total, there are 1,107 active investors with 93.10% ownership of the company’s stock.
On Tuesday morning Veeva Systems Inc. (NYSE: VEEV) stock kicked off with the opening price of $175.17. During the past 12 months, Veeva Systems Inc. has had a low of $151.02 and a high of $232.26. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.90, and a quick ratio of 3.90. According to the stock market information, the enterprise value for the company is $25.58B, which is based on a 49.26 price-to-earnings ratio, a 3.89 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for VEEV is $177.03 and a two-hundred day moving average price translates $177.48 for the stock.
The latest earnings results from Veeva Systems Inc. (NYSE: VEEV) was released for Jan, 2023. According to the Health Information Services Company, earnings per share came in at $1.15, beating analysts’ expectations of $1.04 by 0.11. This compares to $0.60 EPS in the same period last year. The net profit margin was 22.60% and return on equity was 14.50% for VEEV. The company reported revenue of $563.39 million for the quarter, compared to $485.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.04 percent. For the current quarter, analysts expect VEEV to generate $516.83M in revenue.
Veeva Systems Inc.(VEEV) Company Profile
Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and data solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States. The company also provides Veeva Development Cloud, a suite of applications for the clinical, regulatory, quality, and safety functions, including Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Safety, and Veeva Vault Quality; Veeva QualityOne, a quality and document management, and training solution; Veeva RegulatoryOne, a solution that helps companies to manage regulatory submission content; and Veeva Claims addresses the end-to-end product and marketing claims management process. In addition, it offers professional and support services, including implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; data migration and systems integrations technical consulting services; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.
