S&P 500   5,096.27
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Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
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The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Game-Changing Cancer Tech Nears FDA Completion (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
The Strategic Gold Play You Haven't Heard About (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Game-Changing Cancer Tech Nears FDA Completion (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
The Strategic Gold Play You Haven't Heard About (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Game-Changing Cancer Tech Nears FDA Completion (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
The Strategic Gold Play You Haven't Heard About (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
NYSE:VEEV

Veeva Systems (VEEV) Stock Price, News & Analysis

$225.24
-0.13 (-0.06%)
(As of 02/29/2024 ET)
Today's Range
$224.33
$228.02
50-Day Range
$185.14
$225.25
52-Week Range
$160.21
$228.02
Volume
1.70 million shs
Average Volume
888,610 shs
Market Capitalization
$36.27 billion
P/E Ratio
64.72
Dividend Yield
N/A
Price Target
$219.77

Veeva Systems MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
2.4% Downside
$219.77 Price Target
Short Interest
Healthy
1.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.73mentions of Veeva Systems in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$7.52 M Sold Last Quarter
Proj. Earnings Growth
21.48%
From $2.84 to $3.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Computer And Technology Sector

70th out of 600 stocks

Prepackaged Software Industry

18th out of 206 stocks


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

Recap: Veeva Sys Q4 Earnings
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Veeva Systems Q4 2024 Earnings Preview
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Veeva's Upside May Be Capped as Revenue Growth Slows
Veeva Systems (NYSE:VEEV) Price Target Raised to $240.00
Beyond Big Tech: 3 Industries to Invest In AI-Fueled Gains
Veeva Systems (VEEV) Set to Announce Earnings on Thursday
Reasons to Add Veeva Systems (VEEV) to Your Portfolio Now
VEEV May 2024 230.000 call
VEEV Mar 2024 145.000 put
See More Headlines
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Company Calendar

Last Earnings
12/06/2023
Today
3/01/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
6,744
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$219.77
High Stock Price Target
$265.00
Low Stock Price Target
$160.00
Potential Upside/Downside
-2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

Net Income
$487.71 million
Pretax Margin
23.55%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$2.97 per share
Book Value
$23.48 per share

Miscellaneous

Free Float
143,336,000
Market Cap
$36.27 billion
Optionable
Optionable
Beta
0.74

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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 Thursday, February 29, 2024 at 1:22 AM.

Pros

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

  • Veeva Systems Inc. provides cloud-based software tailored for the life sciences industry, offering solutions like Veeva Commercial Cloud and Veeva Vault PromoMats, catering to the specific needs of pharmaceutical and biotechnology companies.
  • Recent financial performance indicates positive growth, with the company reporting $1.34 EPS for the quarter, surpassing analysts' estimates and showcasing a strong return on equity and net margin.
  • Veeva Systems Inc. has a market capitalization of $33.36 billion, reflecting a substantial presence in the market and potential for further expansion.
  • The company's stock has shown resilience, trading at a 12-month high of $225.49, indicating investor confidence and potential for capital appreciation.
  • Veeva Systems Inc. offers a range of professional and support services, ensuring ongoing assistance and value addition for clients, which could translate into sustained revenue streams.

Cons

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

  • Despite positive financial indicators, Veeva Systems Inc. operates in a competitive market, facing potential challenges from other software providers targeting the life sciences industry.
  • The stock's price-to-earnings ratio of 59.53 and a PEG ratio of 2.96 may suggest a relatively high valuation, which could pose risks in case of market corrections or changes in investor sentiment.
  • Director and CMO selling shares could be interpreted as insider sentiment, potentially signaling concerns or lack of confidence in the company's future performance.
  • While the company has shown growth, the beta of 0.80 indicates a moderate correlation with the overall market, which may not provide significant diversification benefits for investors seeking lower volatility.
  • Investors should carefully monitor industry trends and regulatory changes that could impact Veeva Systems Inc.'s operations and growth prospects in the future.














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 brokerages have issued 12 month price objectives for Veeva Systems' shares. Their VEEV share price targets range from $160.00 to $265.00. On average, they expect the company's share price to reach $219.77 in the next year. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for VEEV
or view top-rated stocks among Wall Street analysts.

How have VEEV shares performed in 2024?

Veeva Systems' stock was trading at $192.52 at the start of the year. Since then, VEEV stock has increased by 17.0% and is now trading at $225.24.
View the best growth stocks for 2024 here
.

How were Veeva Systems' earnings last quarter?

Veeva Systems Inc. (NYSE:VEEV) announced its earnings results on Wednesday, December, 6th. The technology company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.05. The technology company had revenue of $616.51 million for the quarter, compared to analysts' expectations of $615.98 million. Veeva Systems had a trailing twelve-month return on equity of 10.91% and a net margin of 24.68%. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share.

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

Veeva Systems issued an update on its first quarter 2025 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of 1.420-1.430 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of $640.0 million-$643.0 million, compared to the consensus revenue estimate of $645.8 million.

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.17%), Artisan Partners Limited Partnership (4.09%), Price T Rowe Associates Inc. MD (3.61%), Massachusetts Financial Services Co. MA (1.35%), Van ECK Associates Corp (1.10%) and Nuveen Asset Management LLC (1.07%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/1/2024 by MarketBeat.com Staff