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Veeva Systems Stock Price, News & Analysis (NYSE:VEEV)

$177.96
-1.05 (-0.59%)
(As of 12/5/2023 ET)
Compare
Today's Range
$176.41
▼
$179.53
50-Day Range
$165.14
▼
$216.94
52-Week Range
$157.00
▼
$225.49
Volume
1.23 million shs
Average Volume
999,280 shs
Market Capitalization
$28.59 billion
P/E Ratio
53.60
Dividend Yield
N/A
Price Target
$216.65
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Veeva Systems MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
22.6% Upside
$218.14 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.52mentions of Veeva Systems in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$8.61 M Sold Last Quarter
Proj. Earnings Growth
22.71%
From $2.73 to $3.35 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.05 out of 5 stars

Computer And Technology Sector

15th out of 592 stocks

Prepackaged Software Industry

4th out of 188 stocks

See Top Rated MarketRank™ Stocks Here

VEEV stock logo

About Veeva Systems Stock (NYSE:VEEV)

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.

VEEV Stock Price History

VEEV Stock News Headlines

December 5, 2023 | finance.yahoo.com
Box (BOX) Q3 Earnings and Revenues Miss Estimates
December 5, 2023 | msn.com
Veeva Systems Q3 2024 Earnings Preview
December 6, 2023 | Wealthpress (Ad)
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December 5, 2023 | finance.yahoo.com
Earnings To Watch: Veeva Systems (VEEV) Reports Q3 Results Tomorrow
December 4, 2023 | seekingalpha.com
Veeva Systems: Attractively Valued FCF Star
December 4, 2023 | americanbankingnews.com
Veeva Systems (VEEV) to Release Quarterly Earnings on Wednesday
December 3, 2023 | finance.yahoo.com
2 Growth Stocks to Buy Before 2024 and Hold for 10 Years
November 30, 2023 | msn.com
Pharma’s engagement with healthcare providers has slipped in recent years
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November 30, 2023 | markets.businessinsider.com
Analysts Offer Insights on Healthcare Companies: Patterson Companies (PDCO), Veeva Systems (VEEV) and Organon (OGN)
November 30, 2023 | msn.com
Should You Buy Veeva Systems (VEEV) Ahead of Earnings?
November 30, 2023 | finance.yahoo.com
GitLab (GTLB) to Report Q3 Earnings: What's in the Cards?
November 30, 2023 | americanbankingnews.com
Veeva Systems (NYSE:VEEV) Price Target Cut to $183.00 by Analysts at JPMorgan Chase & Co.
November 29, 2023 | msn.com
ADVANZ leverages Veeva software to develop HCP platform
November 29, 2023 | seekingalpha.com
Veeva Systems Q3 Preview: Navigating Challenges And Opportunities For F2025
November 27, 2023 | markets.businessinsider.com
Buy Rating for Veeva Systems Amidst Strong Adoption of Vault CRM Platform
November 27, 2023 | finance.yahoo.com
Veeva Systems (VEEV) Falls More Steeply Than Broader Market: What Investors Need to Know
November 27, 2023 | finance.yahoo.com
Bayer Commits to Veeva Vault CRM and Veeva OpenData Globally
November 27, 2023 | finance.yahoo.com
Top Biopharma Commits to Veeva Vault CRM for Global Customer Engagement
November 22, 2023 | finanznachrichten.de
Veeva Systems: Veeva European Commercial Summit Gathers Life Sciences Industry Leading the Next Generation of Commercial Excellence
November 21, 2023 | finance.yahoo.com
Veeva Systems (VEEV) Declines More Than Market: Some Information for Investors
November 21, 2023 | finance.yahoo.com
These 2 Top Growth Stocks Have Fallen More Than 20% Since September. Are They Bargains Now?
November 16, 2023 | finance.yahoo.com
Veeva Systems (VEEV) Surged on Continued Momentum in its Both Segments
November 15, 2023 | finance.yahoo.com
Veeva to Release Fiscal 2024 Third Quarter Results on December 6, 2023
November 15, 2023 | markets.businessinsider.com
Truist Securities Maintains Hold Rating for Veeva Sys: Here's What You Need To Know
November 15, 2023 | finance.yahoo.com
New Research Finds 87% of Medtechs Lack Consistent Methods to Share Product Information Across Global Regulatory Teams
November 14, 2023 | forbes.com
How To Reverse-Engineer Highly Impactful Leadership
See More Headlines
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Company Calendar

Last Earnings
8/30/2023
Today
12/05/2023
Next Earnings (Confirmed)
12/06/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:VEEV
CUSIP
N/A
CIK
1393052
Web
www.veeva.com
Phone
(925) 452-6500
Fax
925-452-6504
Employees
6,744
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$216.65
High Stock Price Target
$265.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+21.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
24 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.32
Trailing P/E Ratio
53.60
Forward P/E Ratio
65.19
P/E Growth
2.66
Net Income
$487.71 million
Net Margins
24.20%
Pretax Margin
22.57%
Return on Equity
10.89%
Return on Assets
8.62%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
4.35
Quick Ratio
4.35

Sales & Book Value

Annual Sales
$2.16 billion
Price / Sales
13.27
Cash Flow
$2.93 per share
Price / Cash Flow
60.84
Book Value
$23.48 per share
Price / Book
7.58

Miscellaneous

Outstanding Shares
160,660,000
Free Float
143,016,000
Market Cap
$28.59 billion
Optionable
Optionable
Beta
0.79

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Should I Buy Veeva Systems Stock? VEEV Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Veeva Systems was last updated on Sunday, December 3, 2023 at 5:01 PM.

Pros

Here are some ways that investors could benefit from investing in Veeva Systems Inc.:

  • Veeva Systems provides cloud-based software for the life sciences industry, which is a growing and lucrative market.
  • The company offers a suite of software and data solutions, including Veeva customer relationship management (CRM), Veeva Vault PromoMats, Veeva Vault Medical, Veeva Crossix, Veeva OpenData, and Veeva Link, which cater to the specific needs of pharmaceutical and biotechnology companies.
  • Veeva Systems also provides a suite of applications for the clinical, regulatory, quality, and safety functions, such as Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Safety, and Veeva Vault Quality, which are essential for the life sciences industry.
  • The company offers professional and support services, including implementation and deployment planning, project management, and ongoing managed services, which ensure smooth integration and operation of their software solutions.
  • Veeva Systems has a strong market presence and a solid track record, with a market capitalization of $28.73 billion and a beta of 0.87, indicating relatively lower volatility compared to the market.

Cons

Investors should be bearish about investing in Veeva Systems Inc. for these reasons:

  • The stock price of Veeva Systems Inc. has been relatively high, with a 52-week high of $225.49, which may limit potential upside for investors.
  • The price-to-earnings ratio of the company is 53.83, indicating that the stock may be considered overvalued by some investors.
  • Veeva Systems operates in a competitive market, and there is a risk of new entrants or existing competitors gaining market share.
  • The company's financial performance and stock price may be influenced by factors such as changes in regulations, industry trends, and macroeconomic conditions.
  • Investing in Veeva Systems Inc. involves market risk, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.














VEEV Stock Analysis - Frequently Asked Questions

Should I buy or sell Veeva Systems stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VEEV shares.
View VEEV analyst ratings or view top-rated stocks.

What is Veeva Systems' stock price target for 2024?

22 analysts have issued 1-year target prices for Veeva Systems' shares. Their VEEV share price targets range from $160.00 to $265.00. On average, they predict the company's stock price to reach $218.14 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts price targets for VEEV or view top-rated stocks among Wall Street analysts.

How have VEEV shares performed in 2023?

Veeva Systems' stock was trading at $161.38 on January 1st, 2023. Since then, VEEV shares have increased by 10.3% and is now trading at $177.96.
View the best growth stocks for 2023 here.

Are investors shorting Veeva Systems?

Veeva Systems saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,500,000 shares, a decline of 23.1% from the October 31st total of 3,250,000 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.9% of the company's stock are short sold.
View Veeva Systems' Short Interest.

When is Veeva Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our VEEV earnings forecast.

How can I listen to Veeva Systems' earnings call?

Veeva Systems will be holding an earnings conference call on Wednesday, December 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Veeva Systems' earnings last quarter?

Veeva Systems Inc. (NYSE:VEEV) announced its earnings results on Wednesday, August, 30th. The technology company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. The technology company earned $590.23 million during the quarter, compared to analysts' expectations of $582.28 million. Veeva Systems had a trailing twelve-month return on equity of 10.89% and a net margin of 24.20%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS.

What ETFs hold Veeva Systems' stock?

ETFs with the largest weight of Veeva Systems (NYSE:VEEV) stock in their portfolio include Sterling Capital Focus Equity ETF (LCG), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Fidelity Digital Health ETF (FDHT), Direxion Daily Cloud Computing Bull 2x (CLDL), VanEck Morningstar Wide Moat ETF (MOAT), First Trust Dow Jones Internet Index Fund (FDN), Goldman Sachs Future Health Care Equity ETF (GDOC) and Alger 35 ETF (ATFV).

What guidance has Veeva Systems issued on next quarter's earnings?

Veeva Systems updated its FY 2025 earnings guidance on Thursday, November, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.75B-, compared to the consensus revenue estimate of $2.81 billion.

What is Peter Gassner's approval rating as Veeva Systems' CEO?

202 employees have rated Veeva Systems Chief Executive Officer Peter Gassner on Glassdoor.com. Peter Gassner has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Veeva Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Veeva Systems investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), PayPal (PYPL), Shopify (SHOP), Walt Disney (DIS), Adobe (ADBE), Netflix (NFLX), Trade Desk (TTD) and Block (SQ).

Who are Veeva Systems' major shareholders?

Veeva Systems' stock is owned by a variety of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (6.32%), Wellington Management Group LLP (2.06%), Massachusetts Financial Services Co. MA (1.27%), FMR LLC (1.14%), Morgan Stanley (1.11%) and Sei Investments Co. (0.93%). Insiders that own company stock include Alan Mateo, Brent R Bowman, Eleni Nitsa Zuppas, Frederic Lequient, Jonathan Faddis, Joseph Christopher Hays, Mary Lynne Hedley, Matthew J Wallach, Matthew J Wallach, Michele O'connor, Paul Edward Chamberlain, Paul J Sekhri, Peter P Gassner, Ronald E F Codd, Steven L Fasman, Thomas D Schwenger and Timothy S Cabral.
View institutional ownership trends.

How do I buy shares of Veeva Systems?

Shares of VEEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Veeva Systems have any subsidiaries?
The following companies are subsidiares of Veeva Systems: AdvantageMS, Learnaboutgmp, Physicians World, Selligy, Veeva Crossix, Veeva RTSM, Veracity Logic, and Zinc Ahead Ltd.
Read More
This page (NYSE:VEEV) was last updated on 12/6/2023 by MarketBeat.com Staff

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