NYSE:VEEV

Veeva Systems - VEEV Stock Forecast, Price & News

$174.64

+0.57 (+0.33%)

(As of 02/7/2023 12:18 PM ET)

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Today's Range: $172.77
▼
$175.00
50-Day Range: $158.27
▼
$191.42
52-Week Range: $151.02
▼
$239.67

Volume: 164,944 shs
Average Volume: 861,262 shs
Market Capitalization: $27.19 billion

P/E Ratio: 71.28
Dividend Yield: N/A
Price Target: $208.65

Institutional Ownership

Veeva Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.61 Rating Score
Upside/Downside: 20.3% Upside
$208.65 Price Target
Short Interest: Healthy
1.65% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.79
Upright™ Environmental Score
News Sentiment: 0.68
Based on 4 Articles This Week
Insider Trading: Selling Shares
$53.40 M Sold Last Quarter
Proj. Earnings Growth: 7.54%
From $2.52 to $2.71 Per Share

Overall MarketRank^™

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

2.77 out of 5 stars

Computer And Technology Sector

54th out of 611 stocks

Prepackaged Software Industry

13th out of 216 stocks

3.3

Analyst's Opinion

Consensus Rating
Veeva Systems has received a consensus rating of Buy. The company's average rating score is 2.61, and is based on 14 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $208.65, Veeva Systems has a forecasted upside of 20.3% from its current price of $173.47.
Amount of Analyst Coverage
Veeva Systems has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.65% of the outstanding shares of Veeva Systems have been sold short.
Short Interest Ratio / Days to Cover
Veeva Systems has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Veeva Systems has recently decreased by 2.28%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Veeva Systems does not currently pay a dividend.
Dividend Growth
Veeva Systems does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Veeva 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 Sustainability
The Environmental Impact score for Veeva Systems is -0.79.

2.6

News and Social Media Coverage

News Sentiment
Veeva Systems has a news sentiment score of 0.68. 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 higher news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Veeva Systems this week, compared to 5 articles on an average week.
Search Interest
12 people have searched for VEEV on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 14 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.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $53,401,824.00 in company stock.
Percentage Held by Insiders
13.23% 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 Institutions
78.76% of the stock of Veeva Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Veeva Systems are expected to grow by 7.54% in the coming year, from $2.52 to $2.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veeva Systems is 70.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veeva Systems is 70.80, 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 341.92.
Price to Earnings Growth Ratio
Veeva Systems has a PEG Ratio of 4.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Veeva Systems has a P/B Ratio of 9.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Veeva Systems (NYSE:VEEV) Stock

Veeva 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.

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VEEV Stock News Headlines

February 2, 2023 | americanbankingnews.com

Veeva Systems (NYSE:VEEV) Raised to "Buy" at StockNews.com

January 31, 2023 | finance.yahoo.com

Veeva to Release Fiscal 2023 Fourth Quarter and Full Year Results on March 1, 2023

February 7, 2023 | Investing Trends (Ad)

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January 30, 2023 | seekingalpha.com

Veeva Systems: A Leading Provider Of Cloud-Based Solutions For The Pharmaceutical Industry

January 26, 2023 | finance.yahoo.com

Veeva Systems (VEEV) Crossed Above the 50-Day Moving Average: What That Means for Investors

January 24, 2023 | marketwatch.com

Clinical Trial Management (CTM) Market 2023 Production, Revenue, Growth Rate, Price and Gross Margin, Opportunities and Forecast 2029

January 24, 2023 | markets.businessinsider.com

Down 50% from Highs, Veeva Stock (NYSE:VEEV) Looks Enticing

January 23, 2023 | msn.com

Veeva Systems Stock Is a Healthcare Gem

February 7, 2023 | Investing Trends (Ad)

Solar Industry at Start of Long Bull Run?

The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.

January 23, 2023 | marketwatch.com

Clinical Quality Management Software Market 2023 Industry Outlook, Current Status, Supply-Demand, Growth Opportunities and Top Players Analysis 2029

January 18, 2023 | morningstar.com.au

11 undervalued defensive US stocks

January 18, 2023 | marketwatch.com

Risk-based Quality Management Market 2023 : Future Demand, Emerging Trends and Latest Technology, Forecast Research Report 2028

January 13, 2023 | marketwatch.com

CRM in Pharma and Biotech Software Market Latest Trends, Industry Size and Future Prospects 2029

January 12, 2023 | finance.yahoo.com

Why Veeva Systems Stock Flopped While the Market Popped Today

January 12, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Accenture (ACN), Veeva Systems (VEEV) and Sprout Social (SPT)

January 11, 2023 | finanznachrichten.de

Veeva Systems: Global CDMO Adare Pharma Solutions Harmonizing Quality with Veeva Vault Quality Suite

January 11, 2023 | finance.yahoo.com

Global CDMO Adare Pharma Solutions Harmonizing Quality with Veeva Vault Quality Suite

January 10, 2023 | finanznachrichten.de

Veeva Systems: Veeva Statement in Support of Proposed FTC Rule to Ban Non-Competes

January 10, 2023 | finance.yahoo.com

Veeva Statement in Support of Proposed FTC Rule to Ban Non-Competes

January 9, 2023 | finance.yahoo.com

Veeva to Present at the 41st Annual J.P. Morgan Healthcare Conference

January 9, 2023 | finance.yahoo.com

Investors in Veeva Systems (NYSE:VEEV) have made a splendid return of 173% over the past five years

January 5, 2023 | marketwatch.com

Risk-based Monitoring Software Market is Taking Hike in Revenue Along With Top Key Players Profile and Forecast 2023 To 2028

January 4, 2023 | finance.yahoo.com

Why Did Veeva Systems Stock Fall 15% in December?

January 4, 2023 | msn.com

Benzinga's Top Ratings Upgrades, Downgrades For January 4, 2023

January 4, 2023 | msn.com

Barclays upgrades Veeva Systems, cuts Rapid7 as software may split in 2023

January 4, 2023 | markets.businessinsider.com

Needham Reaffirms Their Buy Rating on Phreesia (PHR)

January 1, 2023 | reuters.com

Veeva Systems Inc

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VEEV Company Calendar

Last Earnings: 12/01/2022
Today: 2/07/2023
Next Earnings (Confirmed): 3/01/2023
Fiscal Year End: 1/31/2024

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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: 5,482
Year Founded: 2007

Price Target and Rating

Average Stock Price Forecast: $208.65
High Stock Price Forecast: $240.00
Low Stock Price Forecast: $170.00
Forecasted Upside/Downside: +19.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.61
Research Coverage: 23 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.45
Trailing P/E Ratio: 71.28
Forward P/E Ratio: 69.30
P/E Growth: 4.19
Net Income: $427.39 million
Net Margins: 19.08%
Pretax Margin: 23.74%
Return on Equity: 12.81%
Return on Assets: 10.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.91
Quick Ratio: 4.91

Sales & Book Value

Annual Sales: $1.85 billion
Price / Sales: 14.69
Cash Flow: $3.04 per share
Price / Cash Flow: 57.40
Book Value: $18.88 per share
Price / Book: 9.25

Miscellaneous

Outstanding Shares: 155,690,000
Free Float: 135,090,000
Market Cap: $27.19 billion
Optionable: Optionable
Beta: 0.86

Social Links

Key Executives

Peter P. Gassner
Chief Executive Officer & Director

Tom Schwenger
President & Chief Operating Officer

Brent Bowman
Chief Financial Officer

Catherine Allshouse
Global Chief Information Officer & Head-Operations

Jacques Mourrain
Vice President-Quality & Compliance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VEEV Stock - Frequently Asked Questions

Should I buy or sell Veeva Systems stock right now?: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last year. There are currently 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research 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?: 23 brokers have issued twelve-month target prices for Veeva Systems' stock. Their VEEV share price forecasts range from $170.00 to $240.00. On average, they anticipate the company's stock price to reach $208.65 in the next year. This suggests a possible upside of 19.9% 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 stock has increased by 7.9% and is now trading at $174.07.
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, March 1st 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, March 1st 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) released its quarterly earnings results on Thursday, December, 1st. The technology company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. The technology company earned $552.35 million during the quarter, compared to analysts' expectations of $545.78 million. Veeva Systems had a net margin of 19.08% and a trailing twelve-month return on equity of 12.81%.
What guidance has Veeva Systems issued on next quarter's earnings?: Veeva Systems issued an update on its FY 2023 earnings guidance on Saturday, December, 31st. The company provided EPS guidance of $4.19-$4.19 for the period, compared to the consensus earnings per share estimate of $4.15. The company issued revenue guidance of $2.14 billion-$2.15 billion, compared to the consensus revenue estimate of $2.14 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 number of institutional and retail investors. Top institutional shareholders include New York State Common Retirement Fund (0.37%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Riverbridge Partners LLC (0.23%), Allspring Global Investments Holdings LLC (0.21%), Congress Asset Management Co. MA (0.16%) and ARK Investment Management LLC (0.14%). 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 $174.07.
How much money does Veeva Systems make?: Veeva Systems (NYSE:VEEV) has a market capitalization of $27.10 billion and generates $1.85 billion in revenue each year. The technology company earns $427.39 million in net income (profit) each year or $2.45 on an earnings per share basis.
How many employees does Veeva Systems have?: The company employs 5,482 workers across the globe.
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.

This page (NYSE:VEEV) was last updated on 2/7/2023 by MarketBeat.com Staff

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Veeva Systems - VEEV Stock Forecast, Price & News

Veeva Systems MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Veeva Systems (NYSE:VEEV) Stock

VEEV Stock News Headlines

VEEV Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

VEEV Stock - Frequently Asked Questions

Overall MarketRank^™