NYSE:VEEV Veeva Systems (VEEV) Stock Forecast, Price & News $165.70 +2.04 (+1.25%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$162.36▼$166.3950-Day Range$162.60▼$186.3652-Week Range$151.02▼$232.26Volume2.13 million shsAverage Volume1.08 million shsMarket Capitalization$26.48 billionP/E Ratio55.05Dividend YieldN/APrice Target$203.09 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Veeva Systems MarketRank™ ForecastAnalyst RatingModerate Buy2.54 Rating ScoreUpside/Downside22.6% Upside$203.09 Price TargetShort InterestHealthy1.59% of Shares Sold ShortDividend StrengthN/ASustainability-0.79Upright™ Environmental ScoreNews Sentiment0.24Based on 39 Articles This WeekInsider TradingSelling Shares$2.30 M Sold Last QuarterProj. Earnings Growth27.56%From $2.54 to $3.24 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.46 out of 5 starsComputer And Technology Sector80th out of 621 stocksPrepackaged Software Industry21st out of 219 stocks 2.3 Analyst's Opinion Consensus RatingVeeva Systems has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 13 buy ratings, 11 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $203.09, Veeva Systems has a forecasted upside of 22.6% from its current price of $165.70.Amount of Analyst CoverageVeeva Systems has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.59% of the outstanding shares of Veeva Systems have been sold short.Short Interest Ratio / Days to CoverVeeva Systems has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Veeva Systems has recently increased by 3.25%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldVeeva Systems does not currently pay a dividend.Dividend GrowthVeeva Systems does not have a long track record of dividend growth. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreVeeva Systems has received a 24.04% net impact score from Upright. Veeva Systems seems to create the most significant positive value in categories "Jobs", "Taxes", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Hosted data storage services", "Application hosting services", and "Hosted analytics services" products. See details.Environmental SustainabilityThe Environmental Impact score for Veeva Systems is -0.79. Previous Next 2.4 News and Social Media Coverage News SentimentVeeva Systems has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 39 news articles for Veeva Systems this week, compared to 8 articles on an average week.Search Interest24 people have searched for VEEV on MarketBeat in the last 30 days. This is an increase of 26% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Veeva Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Veeva Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,296,277.00 in company stock.Percentage Held by Insiders10.98% of the stock of Veeva Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions78.76% of the stock of Veeva Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Veeva Systems are expected to grow by 27.56% in the coming year, from $2.54 to $3.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Veeva Systems is 55.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Veeva Systems is 55.05, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 367.74.Price to Earnings Growth RatioVeeva Systems has a PEG Ratio of 2.83. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioVeeva Systems has a P/B Ratio of 7.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Veeva Systems (NYSE:VEEV) StockVeeva Systems, Inc. engages in the provision of industry cloud solutions for the global life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance. The firm's customer relationship management solutions enable its customers to increase the productivity and compliance of their sales and marketing functions. Its regulated content management and collaboration solutions enable its customers to more efficiently manage regulated, content-centric processes across the enterprise. The company's customer master solution enables customers to more effectively manage complex healthcare provider and healthcare organization data. The company was founded by Mark Armenante, Peter P. Gassner, Doug Ostler, Mitch Wallace and Matthew J. Wallach on January 12, 2007, and is headquartered in Pleasanton, CA.Read More Receive VEEV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Veeva Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address VEEV Stock News HeadlinesJune 1, 2023 | seekingalpha.comVeeva Systems up 7% after hours on FY 2024 guidance boost, quarterly resultsMay 31, 2023 | finance.yahoo.comCompared to Estimates, Veeva (VEEV) Q1 Earnings: A Look at Key MetricsJune 1, 2023 | UNKNOWN (Ad)World-Renowned Brazilian Restaurant Debuts in CanadaInvest in Debut's Exclusive Franchise of Acclaimed Brazilian Churrasco Restaurant Brand.May 31, 2023 | msn.comCitigroup Maintains Veeva Systems Inc - (VEEV) Buy RecommendationMay 31, 2023 | msn.comVeeva Systems FQ1 results beat estimates, co raises FY 2024 revenue, adj. EPS guidanceMay 31, 2023 | benzinga.comVeeva Systems shares are trading higher after the company reported better-than-expected Q1 results and issued strong EPS guidance.May 31, 2023 | theglobeandmail.comVeeva Systems's (NYSE:VEEV) Q1 Sales Top Estimates But Gross Margin DropsMay 31, 2023 | finance.yahoo.comVeeva Announces Fiscal 2024 First Quarter ResultsJune 1, 2023 | UNKNOWN (Ad)Highly Profitable Restaurant Brand Expands to CanadaInvest in the Canadian Expansion with Debut: The Exclusive Franchisee with Proven Success.May 31, 2023 | americanbankingnews.comVeeva Systems (NYSE:VEEV) Price Target Lowered to $200.00 at CitigroupMay 30, 2023 | msn.comVeeva Systems Q1 2024 Earnings PreviewMay 30, 2023 | msn.com2 Tech Stocks You Can Still Buy as the Nasdaq SoarsMay 30, 2023 | finance.yahoo.comLotus Clinical Research Expands Partnership with Veeva to Accelerate Clinical TrialsMay 30, 2023 | americanbankingnews.comVeeva Systems Inc. (NYSE:VEEV) to Post Q2 2025 Earnings of $0.74 Per Share, Zacks Research ForecastsMay 29, 2023 | americanbankingnews.comVeeva Systems (VEEV) to Release Earnings on WednesdayMay 27, 2023 | americanbankingnews.comBrokerages Set Veeva Systems Inc. (NYSE:VEEV) PT at $202.45May 27, 2023 | americanbankingnews.comQ3 2024 Earnings Estimate for Veeva Systems Inc. (NYSE:VEEV) Issued By SVB LeerinkMay 27, 2023 | americanbankingnews.comVeeva Systems (NYSE:VEEV) Upgraded to Buy by StockNews.comMay 26, 2023 | news.yahoo.comHere's What's Concerning About Veeva Systems' (NYSE:VEEV) Returns On CapitalMay 26, 2023 | americanbankingnews.comQ2 2024 Earnings Forecast for Veeva Systems Inc. (NYSE:VEEV) Issued By SVB LeerinkMay 26, 2023 | americanbankingnews.comVeeva Systems (NYSE:VEEV) Price Target Lowered to $185.00 at KeyCorpMay 25, 2023 | finanznachrichten.deVeeva Systems: Minaris Regenerative Medicine Streamlining Contract Manufacturing with Veeva Vault Quality Suite ApplicationsMay 25, 2023 | msn.comKeybanc Maintains Veeva Systems Inc - (VEEV) Overweight RecommendationMay 24, 2023 | technews.tmcnet.comBiopharma Leaders Connect at Veeva R&D and Quality Summit to Advance Innovation for the Industry and PatientsMay 24, 2023 | americanbankingnews.comVeeva Systems (NYSE:VEEV) PT Lowered to $175.00May 23, 2023 | seekingalpha.comVeeva Systems: Keep An Eye On The Following ThingsMay 23, 2023 | finance.yahoo.comUCB and Veeva Collaborate to Advance the Patient Experience in Clinical TrialsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive VEEV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Veeva Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address VEEV Company Calendar Last Earnings12/01/2021Today5/31/2023Next Earnings (Confirmed)5/31/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:VEEV CUSIPN/A CIK1393052 Webwww.veeva.com Phone(925) 452-6500Fax925-452-6504Employees6,744Year Founded2007Price Target and Rating Average Stock Price Forecast$203.09 High Stock Price Forecast$240.00 Low Stock Price Forecast$170.00 Forecasted Upside/Downside+22.6%Consensus RatingModerate Buy Rating Score (0-4)2.54 Research Coverage24 Analysts Profitability EPS (Most Recent Fiscal Year)$3.01 Trailing P/E Ratio55.05 Forward P/E Ratio65.24 P/E Growth2.83Net Income$487.71 million Net Margins22.63% Pretax Margin23.62% Return on Equity12.42% Return on Assets9.76% Debt Debt-to-Equity RatioN/A Current Ratio3.94 Quick Ratio3.94 Sales & Book Value Annual Sales$2.16 billion Price / Sales12.29 Cash Flow$2.94 per share Price / Cash Flow56.30 Book Value$23.48 per share Price / Book7.06Miscellaneous Outstanding Shares159,810,000Free Float142,259,000Market Cap$26.48 billion OptionableOptionable Beta0.92 Social Links Key ExecutivesPeter P. GassnerChief Executive Officer & DirectorTom SchwengerPresident & Chief Operating OfficerBrent BowmanChief Financial OfficerPinal PatelChief Information OfficerJacques MourrainVice President-Quality & ComplianceKey CompetitorsHubSpotNYSE:HUBSANSYSNASDAQ:ANSSDatadogNASDAQ:DDOGCloudflareNYSE:NETMongoDBNASDAQ:MDBView All CompetitorsInsiders & InstitutionsLegato Capital Management LLCBought 1,000 shares on 5/25/2023Ownership: 0.002%Seaport Global Advisors LLCBought 829 shares on 5/23/2023Ownership: 0.002%Toroso Investments LLCBought 146 shares on 5/23/2023Ownership: 0.001%Nellore Capital Management LLCBought 3,000 shares on 5/22/2023Ownership: 0.125%American TrustBought 1,193 shares on 5/22/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions VEEV Stock - Frequently Asked Questions Should I buy or sell Veeva Systems stock right now? 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There are currently 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VEEV shares. View VEEV analyst ratings or view top-rated stocks. What is Veeva Systems' stock price forecast for 2023? 24 Wall Street research analysts have issued twelve-month price targets for Veeva Systems' stock. Their VEEV share price forecasts range from $170.00 to $240.00. On average, they anticipate the company's share price to reach $203.09 in the next year. 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 at the beginning of 2023. Since then, VEEV stock has increased by 2.7% and is now trading at $165.70. View the best growth stocks for 2023 here. When is Veeva Systems' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 31st 2023. View our VEEV earnings forecast. How were Veeva Systems' earnings last quarter? Veeva Systems Inc. (NYSE:VEEV) issued its earnings results on Wednesday, December, 1st. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.09. The technology company had revenue of $476.11 million for the quarter, compared to the consensus estimate of $465.31 million. Veeva Systems had a trailing twelve-month return on equity of 12.42% and a net margin of 22.63%. During the same period last year, the business earned $0.54 earnings per share. 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), Fidelity Digital Health ETF (FDHT), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Direxion Daily Cloud Computing Bull 2x (CLDL), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Goldman Sachs Future Health Care Equity ETF (GDOC), American Century Mid Cap Growth Impact (MID) and IQ Winslow Focused Large Cap Growth ETF (IWFG). What guidance has Veeva Systems issued on next quarter's earnings? Veeva Systems updated its FY24 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $4.59 for the period, compared to the consensus EPS estimate of $4.32. The company issued revenue guidance of $2.36-$2.37 billion, compared to the consensus revenue estimate of $2.36 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). What is Veeva Systems' stock symbol? Veeva Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "VEEV." 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 (6.42%), BlackRock Inc. (5.31%), Price T Rowe Associates Inc. MD (4.87%), State Street Corp (1.83%), Wellington Management Group LLP (1.52%) and Geode Capital Management LLC (1.35%). 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, Timothy C Barabe 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. What is Veeva Systems' stock price today? One share of VEEV stock can currently be purchased for approximately $165.70. How much money does Veeva Systems make? Veeva Systems (NYSE:VEEV) has a market capitalization of $26.48 billion and generates $2.16 billion in revenue each year. The technology company earns $487.71 million in net income (profit) each year or $3.01 on an earnings per share basis. How many employees does Veeva Systems have? The company employs 6,744 workers across the globe. 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 How can I contact Veeva Systems? Veeva Systems' mailing address is 4280 HACIENDA DRIVE, PLEASANTON CA, 94588. The official website for the company is www.veeva.com. The technology company can be reached via phone at (925) 452-6500, via email at ir@veeva.com, or via fax at 925-452-6504. 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