Veeva Systems (VEEV) Receiving Somewhat Positive Media Coverage, Report Shows

Press coverage about Veeva Systems (NYSE:VEEV) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veeva Systems earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.1289262913951 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Veeva Systems (VEEV) traded up $0.32 on Tuesday, reaching $58.03. The company had a trading volume of 1,073,129 shares, compared to its average volume of 1,260,000. The stock has a market cap of $8,160.00, a PE ratio of 63.77, a price-to-earnings-growth ratio of 4.66 and a beta of 1.60. Veeva Systems has a twelve month low of $41.30 and a twelve month high of $68.07.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm had revenue of $176.10 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was up 23.3% compared to the same quarter last year. equities analysts forecast that Veeva Systems will post 0.68 EPS for the current year.

A number of analysts recently issued reports on VEEV shares. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price objective on shares of Veeva Systems in a report on Friday, October 13th. Needham & Company LLC reissued a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Zacks Investment Research raised 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. BidaskClub cut Veeva Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Finally, Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Veeva Systems presently has a consensus rating of “Buy” and an average target price of $67.45.

In other Veeva Systems news, CFO Timothy S. Cabral sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $55.74, for a total value of $2,787,000.00. Following the sale, the chief financial officer now owns 50,000 shares of the company’s stock, valued at approximately $2,787,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alan Mateo sold 532 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $58.11, for a total value of $30,914.52. Following the completion of the sale, the executive vice president now directly owns 8,294 shares in the company, valued at approximately $481,964.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,129 shares of company stock worth $11,528,166. Insiders own 17.50% of the company’s stock.

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About Veeva Systems

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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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