Weiss Ratings Reiterates Hold (C+) Rating for Veeva Systems (NYSE:VEEV)

Key Points

• Weiss Ratings has reiterated a "hold (C+)" rating for Veeva Systems, indicating a cautious outlook on the stock amid mixed analyst opinions.
• Several research firms have given Veeva Systems revised ratings and price targets, with Raymond James recommending a price target of $340 and Citigroup at $349.
• Despite a missed earnings estimate for the previous quarter, Veeva reported a revenue increase of 16.7% year-over-year, demonstrating resilience in its financials.

Veeva Systems (NYSE:VEEV - Get Free Report)'s stock had its "hold (c+)" rating restated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on VEEV. Raymond James Financial restated an "outperform" rating and issued a $340.00 price target (up previously from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Citigroup upped their target price on Veeva Systems from $329.00 to $349.00 and gave the company a "buy" rating in a report on Thursday, August 28th. William Blair restated an "outperform" rating on shares of Veeva Systems in a research report on Friday, October 17th. Wells Fargo & Company lifted their price target on Veeva Systems from $300.00 to $326.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Finally, Barclays increased their price objective on shares of Veeva Systems from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Veeva Systems presently has an average rating of "Moderate Buy" and an average price target of $307.58.

Veeva Systems Trading Up 0.9%

Shares of VEEV traded up $2.75 during mid-day trading on Friday, hitting $294.25. The company's stock had a trading volume of 344,828 shares, compared to its average volume of 1,309,766. Veeva Systems has a 1-year low of $201.54 and a 1-year high of $310.50. The firm has a market capitalization of $48.23 billion, a P/E ratio of 60.42, a P/E/G ratio of 2.24 and a beta of 0.98. The firm has a 50-day simple moving average of $284.44 and a 200 day simple moving average of $268.67.

Veeva Systems (NYSE:VEEV - Get Free Report) last released its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.64). The business had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. Veeva Systems's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $1.62 EPS. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. As a group, sell-side analysts predict that Veeva Systems will post 4.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider directly owned 25,325 shares of the company's stock, valued at $7,765,151.50. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas D. Schwenger sold 3,350 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the transaction, the insider directly owned 23,773 shares of the company's stock, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,665 shares of company stock valued at $7,438,000 in the last ninety days. Insiders own 10.30% of the company's stock.

Institutional Investors Weigh In On Veeva Systems

Several hedge funds have recently made changes to their positions in VEEV. Trust Co. of Toledo NA OH purchased a new position in Veeva Systems during the second quarter worth about $29,000. OLD Second National Bank of Aurora acquired a new position in shares of Veeva Systems during the 3rd quarter valued at about $30,000. Abound Financial LLC acquired a new position in shares of Veeva Systems during the 1st quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Veeva Systems during the 2nd quarter worth about $32,000. Finally, Maseco LLP acquired a new stake in shares of Veeva Systems in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 88.20% of the company's stock.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics 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.

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