Press coverage about Veeva Systems (NYSE:VEEV) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veeva Systems earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.4259043567201 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts have recently commented on the company. BidaskClub downgraded Veeva Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a report on Friday, October 13th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a report on Tuesday, August 22nd. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Veeva Systems presently has an average rating of “Buy” and an average target price of $65.75.
Veeva Systems (VEEV) opened at $61.62 on Friday. Veeva Systems has a twelve month low of $37.34 and a twelve month high of $68.07. The stock has a market capitalization of $8,546.69, a PE ratio of 104.44, a P/E/G ratio of 5.05 and a beta of 1.64.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The company had revenue of $166.59 million for the quarter, compared to the consensus estimate of $164.26 million. During the same quarter in the previous year, the business earned $0.15 EPS. Veeva Systems’s revenue was up 26.8% compared to the same quarter last year. analysts forecast that Veeva Systems will post 0.65 earnings per share for the current year.
In other Veeva Systems news, CFO Timothy S. Cabral sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $58.82, for a total transaction of $2,352,800.00. Following the transaction, the chief financial officer now owns 30,000 shares in the company, valued at approximately $1,764,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald E. F. Codd sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $62.99, for a total value of $188,970.00. The disclosure for this sale can be found here. Insiders have sold a total of 304,425 shares of company stock worth $17,776,992 in the last quarter. Company insiders own 19.17% of the company’s stock.
Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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