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NYSE:VEEV

Veeva Systems - VEEV Stock Forecast, Price & News

$230.18
+2.88 (+1.27%)
(As of 08/8/2022 12:03 PM ET)
Add
Compare
Today's Range
$226.52
$232.04
50-Day Range
$167.84
$231.91
52-Week Range
$152.04
$342.30
Volume
8,913 shs
Average Volume
1.08 million shs
Market Capitalization
$35.64 billion
P/E Ratio
90.62
Dividend Yield
N/A
Price Target
$247.00

Veeva Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
8.7% Upside
$247.00 Price Target
Short Interest
Healthy
1.39% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.39mentions of Veeva Systems in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.96 M Sold Last Quarter
Proj. Earnings Growth
22.30%
From $2.78 to $3.40 Per Share

Overall MarketRank

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

2.32 out of 5 stars

Computer And Technology Sector

290th out of 835 stocks

Prepackaged Software Industry

88th out of 269 stocks

VEEV stock logo

About Veeva Systems (NYSE:VEEV) Stock

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM MyInsights, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva OpenData, Veeva Link, Veeva Network, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Patients; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, as well as research and development functions, such as clinical, regulatory, quality, and safety. It also provides professional and support services in the areas of 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; technical consulting services related to data migration and systems integrations; 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.

Veeva Systems Trading Down 2.0 %

Veeva Systems stock traded down $4.61 during trading hours on Friday, reaching $227.30. 974,407 shares of the stock were exchanged, compared to its average volume of 799,072. The company has a market cap of $35.20 billion, a P/E ratio of 89.49, a price-to-earnings-growth ratio of 4.82 and a beta of 0.73. Veeva Systems has a twelve month low of $152.04 and a twelve month high of $342.30. The stock has a 50 day moving average of $200.32 and a two-hundred day moving average of $199.27.

Veeva Systems (NYSE:VEEV - Get Rating) last posted its earnings results on Wednesday, June 1st. The technology company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $505.10 million during the quarter, compared to analysts' expectations of $495.88 million. Veeva Systems had a net margin of 21.43% and a return on equity of 14.60%. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, analysts expect that Veeva Systems will post 2.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VEEV has been the subject of several research reports. The Goldman Sachs Group started coverage on shares of Veeva Systems in a research note on Thursday, June 23rd. They set a "buy" rating and a $253.00 price objective for the company. Guggenheim restated a "buy" rating and issued a $252.00 target price on shares of Veeva Systems in a research report on Tuesday, June 21st. Piper Sandler decreased their target price on shares of Veeva Systems from $290.00 to $275.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Raymond James decreased their price objective on shares of Veeva Systems from $260.00 to $205.00 in a report on Thursday, June 2nd. Finally, Citigroup increased their price objective on shares of Veeva Systems to $232.00 in a report on Friday, June 3rd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Veeva Systems presently has a consensus rating of "Moderate Buy" and an average price target of $247.00.

Insider Transactions at Veeva Systems

In other news, Director Timothy S. Cabral sold 5,000 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $200.03, for a total value of $1,000,150.00. Following the completion of the transaction, the director now owns 113,114 shares of the company's stock, valued at $22,626,193.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Timothy S. Cabral sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $189.31, for a total value of $1,893,100.00. Following the completion of the transaction, the director now owns 118,114 shares in the company, valued at approximately $22,360,161.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy S. Cabral sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $200.03, for a total transaction of $1,000,150.00. Following the completion of the transaction, the director now owns 113,114 shares of the company's stock, valued at approximately $22,626,193.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,371 shares of company stock valued at $2,963,506. 13.23% of the stock is currently owned by insiders.

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VEEV Stock News Headlines

Why Veeva (VEEV) Could Beat Earnings Estimates Again
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."
Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.
All Electric Commitment From GM, Volkswagen, Could Put Lithium Stock In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Veeva Systems (NYSE:VEEV) Price Target Cut to $275.00
10 Analysts Have This to Say About Veeva Sys
Big Money Returns to Veeva Systems
Expert Ratings for Veeva Sys
See More Headlines
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VEEV Company Calendar

Last Earnings
6/01/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/31/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
5,482
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$247.00
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$195.00
Forecasted Upside/Downside
+7.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
19 Analysts

Profitability

Net Income
$427.39 million
Pretax Margin
26.51%

Debt

Sales & Book Value

Annual Sales
$1.85 billion
Cash Flow
$3.15 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
134,361,000
Market Cap
$35.64 billion
Optionable
Optionable
Beta
0.73

Social Links















VEEV Stock - Frequently Asked Questions

Should I buy or sell Veeva Systems stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Veeva Systems stock.
View analyst ratings for Veeva Systems
or view top-rated stocks.

What is Veeva Systems' stock price forecast for 2022?

19 brokers have issued 12-month price objectives for Veeva Systems' shares. Their VEEV stock forecasts range from $195.00 to $300.00. On average, they anticipate Veeva Systems' share price to reach $247.00 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
View analysts' price targets for Veeva Systems
or view top-rated stocks among Wall Street analysts.

How has Veeva Systems' stock performed in 2022?

Veeva Systems' stock was trading at $255.48 at the beginning of the year. Since then, VEEV shares have decreased by 11.0% and is now trading at $227.30.
View the best growth stocks for 2022 here
.

When is Veeva Systems' next earnings date?

Veeva Systems is scheduled to release its next quarterly earnings announcement on Wednesday, August 31st 2022.
View our earnings forecast for Veeva Systems
.

How can I listen to Veeva Systems' earnings call?

Veeva Systems will be holding an earnings conference call on Wednesday, August 31st 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) issued its quarterly earnings results on Wednesday, June, 1st. The technology company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The technology company earned $505.10 million during the quarter, compared to analyst estimates of $495.88 million. Veeva Systems had a net margin of 21.43% and a trailing twelve-month return on equity of 14.60%. Veeva Systems's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share.

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

Veeva Systems issued an update on its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of $4.16-$4.16 for the period, compared to the consensus estimate of $4.02. The company issued revenue guidance of $2.17 billion-$2.17 billion, compared to the consensus revenue estimate of $2.17 billion.

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

202 employees have rated Veeva Systems CEO Peter Gassner on Glassdoor.com. Peter Gassner has an approval rating of 82% among Veeva Systems' 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 number of institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (1.43%), Van ECK Associates Corp (0.62%), TD Asset Management Inc. (0.46%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Victory Capital Management Inc. (0.26%) and Riverbridge Partners LLC (0.24%). Company insiders that own Veeva Systems 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, Ronald E F Codd, Steven L Fasman, Thomas D Schwenger, Timothy C Barabe and Timothy S Cabral.
View institutional ownership trends for Veeva Systems
.

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 $227.30.

How much money does Veeva Systems make?

Veeva Systems (NYSE:VEEV) has a market capitalization of $35.20 billion and generates $1.85 billion in revenue each year. The technology company earns $427.39 million in net income (profit) each year or $2.54 on an earnings per share basis.

How many employees does Veeva Systems have?

Veeva Systems employs 5,482 workers across the globe.

When was Veeva Systems founded?

Veeva Systems was founded in 2007.

How can I contact Veeva Systems?

Veeva Systems' mailing address is 4280 HACIENDA DRIVE, PLEASANTON CA, 94588. The official website for Veeva Systems 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.

This page (NYSE:VEEV) was last updated on 8/8/2022 by MarketBeat.com Staff

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