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NYSE:VEEV

Veeva Systems - VEEV Stock Forecast, Price & News

$229.74
+0.78 (+0.34%)
(As of 08/16/2022 03:57 PM ET)
Add
Compare
Today's Range
$226.36
$231.43
50-Day Range
$177.00
$231.91
52-Week Range
$152.04
$336.52
Volume
40,517 shs
Average Volume
824,843 shs
Market Capitalization
$35.58 billion
P/E Ratio
90.45
Dividend Yield
N/A
Price Target
$247.00

Veeva Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
5.6% Upside
$242.26 Price Target
Short Interest
Healthy
1.23% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.43mentions of Veeva Systems in the last 14 days
Based on 3 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.

2.53 out of 5 stars

Computer And Technology Sector

198th out of 664 stocks

Prepackaged Software Industry

56th out of 231 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 Stock Down 0.1 %

Shares of NYSE:VEEV traded down $0.30 during trading on Tuesday, hitting $228.66. The stock had a trading volume of 349 shares, compared to its average volume of 824,843. Veeva Systems has a 12 month low of $152.04 and a 12 month high of $336.52. The company has a market capitalization of $35.41 billion, a PE ratio of 90.14, a PEG ratio of 4.78 and a beta of 0.73. The firm's fifty day moving average is $205.82 and its 200 day moving average is $199.30.

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

Analyst Upgrades and Downgrades

VEEV has been the subject of several analyst reports. Morgan Stanley increased their target price on Veeva Systems from $175.00 to $190.00 and gave the company an "equal weight" rating in a report on Tuesday. Oppenheimer restated an "initiates" rating on shares of Veeva Systems in a report on Wednesday, July 27th. Raymond James dropped their target price on Veeva Systems from $260.00 to $205.00 in a report on Thursday, June 2nd. The Goldman Sachs Group initiated coverage on Veeva Systems in a report on Thursday, June 23rd. They set a "buy" rating and a $253.00 target price for the company. Finally, Truist Financial dropped their target price on Veeva Systems from $275.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, June 2nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Veeva Systems presently has a consensus rating of "Moderate Buy" and an average target price of $242.26.

Insiders Place Their Bets

In other Veeva Systems news, Director Timothy S. Cabral sold 5,000 shares of Veeva Systems stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $200.03, for a total value of $1,000,150.00. Following the completion of the sale, the director now owns 113,114 shares of the company's stock, valued at approximately $22,626,193.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Timothy S. Cabral sold 10,000 shares of the firm's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $189.31, for a total value of $1,893,100.00. Following the transaction, the director now directly owns 118,114 shares in the company, valued at approximately $22,360,161.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy S. Cabral sold 5,000 shares of the firm's stock in a transaction on Thursday, June 23rd. The stock was 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 in the company, valued at $22,626,193.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,371 shares of company stock valued at $2,963,506. Corporate insiders own 13.23% of the company's stock.

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VEEV Stock News Headlines

Is Veeva Stock a Buy Now?
Why Veeva (VEEV) Could Beat Earnings Estimates Again
10 Analysts Have This to Say About Veeva Sys
Big Money Returns to Veeva Systems
Expert Ratings for Veeva Sys
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VEEV Company Calendar

Last Earnings
6/01/2022
Today
8/16/2022
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
$242.26
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+7.5%
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
$3.17 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
134,361,000
Market Cap
$35.58 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 year. 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" VEEV shares.
View VEEV analyst ratings
or view top-rated stocks.

What is Veeva Systems' stock price forecast for 2022?

19 analysts have issued 12 month price targets for Veeva Systems' stock. Their VEEV share price forecasts range from $195.00 to $300.00. On average, they expect the company's share price to reach $247.00 in the next twelve months. This suggests a possible upside of 7.9% 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 2022?

Veeva Systems' stock was trading at $255.48 at the beginning of 2022. Since then, VEEV stock has decreased by 10.4% and is now trading at $228.96.
View the best growth stocks for 2022 here
.

When is Veeva Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 31st 2022.
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, 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) announced its earnings results on Wednesday, June, 1st. The technology company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The technology company had revenue of $505.10 million for the quarter, compared to the consensus estimate of $495.88 million. Veeva Systems had a trailing twelve-month return on equity of 14.60% and a net margin of 21.43%. The company's revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $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 EPS guidance of $4.16-$4.16 for the period, compared to the consensus earnings per share 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 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 many different institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (5.70%), State Street Corp (1.87%), Franklin Resources Inc. (1.60%), Brown Advisory Inc. (1.43%), Sei Investments Co. (0.85%) and UBS Asset Management Americas Inc. (0.85%). 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, 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 $228.96.

How much money does Veeva Systems make?

Veeva Systems (NYSE:VEEV) has a market capitalization of $35.45 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?

The company 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 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 8/16/2022 by MarketBeat.com Staff

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