NYSE:VEEV

Veeva Systems - VEEV Stock Forecast, Price & News

$169.99

-0.18 (-0.11%)

(As of 01/26/2023 12:00 AM ET)

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Today's Range: $169.26
▼
$172.75
50-Day Range: $158.27
▼
$191.42
52-Week Range: $151.02
▼
$239.67

Volume: 613,245 shs
Average Volume: 830,513 shs
Market Capitalization: $26.47 billion

P/E Ratio: 69.38
Dividend Yield: N/A
Price Target: $208.65

Institutional Ownership

Veeva Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.61 Rating Score
Upside/Downside: 22.7% 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: 0.90
Based on 11 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.

2.78 out of 5 stars

Computer And Technology Sector

76th out of 627 stocks

Prepackaged Software Industry

23rd 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 22.7% from its current price of $169.99.
Amount of Analyst Coverage
Veeva Systems has been the subject of 12 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.

2.7

News and Social Media Coverage

News Sentiment
Veeva Systems has a news sentiment score of 0.90. 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 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Veeva Systems this week, compared to 5 articles on an average week.
Search Interest
Only 10 people have searched for VEEV on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
Only 15 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 69.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veeva Systems is 69.38, 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 336.69.
Price to Earnings Growth Ratio
Veeva Systems has a PEG Ratio of 4.31. 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 9.00. 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. 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.

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VEEV Stock News Headlines

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 27, 2023 | Porter & Company (Ad)

Is This The End of Capitalism?

EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…

January 24, 2023 | americanbankingnews.com

Veeva Systems Inc. (NYSE:VEEV) Given Average Rating of "Moderate Buy" by Analysts

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

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 20, 2023 | americanbankingnews.com

Insider Selling: Veeva Systems Inc. (NYSE:VEEV) Director Sells $730,305.00 in Stock

January 27, 2023 | Porter & Company (Ad)

The Next Big Crisis Is Here

You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.

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 17, 2023 | americanbankingnews.com

Raymond James Cuts Veeva Systems (NYSE:VEEV) Price Target to $200.00

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: 1/26/2023
Fiscal Year End: 1/31/2023
Next Earnings (Estimated): 3/01/2023

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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: +22.7%
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: 69.38
Forward P/E Ratio: 67.46
P/E Growth: 4.31
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: 14.30
Cash Flow: $3.10 per share
Price / Cash Flow: 54.77
Book Value: $18.88 per share
Price / Book: 9.00

Miscellaneous

Outstanding Shares: 155,690,000
Free Float: 135,090,000
Market Cap: $26.47 billion
Optionable: Optionable
Beta: 0.89

Social Links

Key Executives

Mr. Peter P. Gassner (Age 58)
Founder, CEO & Director
Comp: $350k

Mr. Thomas D. Schwenger (Age 55)
Pres & COO
Comp: $350k

Mr. Brent R. Bowman (Age 56)
Chief Financial Officer
Comp: $350k

Mr. Alan V. Mateo (Age 61)
Exec. VP of Global Sales
Comp: $350k

Ms. Michele O'Connor (Age 46)
Chief Accounting Officer

Mr. Pinal Patel
Chief Information Officer

Mr. Ato Garrett
Sr. Director of Investor Relations

Mr. Jonathan W. Faddis (Age 51)
Sr. VP, Gen. Counsel & Corp. Sec.

Mr. Jacques Mourrain Ph.D.
VP of Quality & Compliance

Ms. Eleni Nitsa Zuppas (Age 53)
Chief Marketing Officer

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 Wall Street analysts have issued 12-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 stock price to reach $208.65 in the next twelve months. This suggests a possible upside of 22.7% 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 shares have increased by 5.3% and is now trading at $169.99.
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 were Veeva Systems' earnings last quarter?: Veeva Systems Inc. (NYSE:VEEV) announced its 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 had revenue of $552.35 million for 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 earnings per share guidance of $4.19-$4.19 for the period, compared to the consensus 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 variety of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (0.23%), Allspring Global Investments Holdings LLC (0.21%), Congress Asset Management Co. MA (0.16%), ARK Investment Management LLC (0.14%), Chicago Capital LLC (0.12%) and Peregrine Capital Management LLC (0.12%). 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 $169.99.
How much money does Veeva Systems make?: Veeva Systems (NYSE:VEEV) has a market capitalization of $26.47 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 1/27/2023 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^™