Veeva Systems Inc. [VEEV] stock is trading at $168.09, down -0.36%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VEEV shares have gain 2.73% over the last week, with a monthly amount glided 0.34%, and seem to be holding up well over a long-time horizon.
On 11, January 2023, Global CDMO Adare Pharma Solutions Harmonizing Quality with Veeva Vault Quality Suite. In a post published today on Yahoo Finance, Vault Quality Suite to connect quality processes, documents, and training on a single platform for improved efficiency and collaboration.
From an analyst’s perspective:
Veeva Systems Inc. [NYSE: VEEV] stock has seen the most recent analyst activity on January 04, 2023, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $205 for it. Previously, Cowen started tracking the stock with Market Perform rating on December 06, 2022, and set its price target to $184. On December 02, 2022, Needham reiterated its Buy rating and revised its price target to $220 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $180 on October 31, 2022. JP Morgan upgraded its rating to a Neutral and reduced its price target to $170 on October 19, 2022. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on September 16, 2022, and assigned it a price target of $220. In a note dated July 27, 2022, Oppenheimer initiated an Outperform rating and iterated a target price of $250 on this stock.
Veeva Systems Inc. [VEEV] stock has fluctuated between $151.02 and $239.67 over the past year. Currently, Wall Street analysts expect the stock to reach $207.26 within the next 12 months. Veeva Systems Inc. [NYSE: VEEV] shares were valued at $168.09 at the most recent close of the market. An investor can expect a potential return of 23.3% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
Veeva Systems Inc. [NYSE:VEEV] reported sales of 552.35 billion for the most recent quarter, which represents a growth of 16.00%. Gross Margin for this corporation currently stands at +72.03% with Operating Margin at +27.31%, Pretax Margin comes in at +27.68%, and Net Margin reading is +23.09%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 166.17 points at the first support level, and at 164.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 170.68, and for the 2nd resistance point, it is at 173.28.
Veeva Systems Inc. [VEEV] reported earnings per share of $1.03 for its fiscal quarter that ended on 7/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.01/share, meaning a difference of $0.02 and a surprise factor of 2.00%. By comparison, the stated earnings for the previous quarter ended on 4/29/2022 were $0.99 per share as compared to estimates of $0.92 per share, a difference of $0.07 representing a surprise of 7.60%.
Ratios To Look Out For
For context, Veeva Systems Inc.’s Current Ratio is 4.90. In addition, the Quick Ratio stands at 3.70 and the Cash Ratio stands at 2.83. Considering the valuation of this stock, the price to sales ratio is 20.74, the price to book ratio is 12.53 and the P/E (TTM) ratio is 60.49.
Transactions by insiders
In the past 3 months, 33 insiders have purchased 2,004,955 shares, and 96 have sold 2,005,863 shares. Recent insider trading involved Cabral Timothy S, Director, that happened on Jan 12 when 4500.0 shares were sold. Chief Executive Officer, Gassner Peter P completed a deal on Jan 09 to sell 1.35 million shares. Meanwhile, Chief Executive Officer Gassner Peter P sold 23730.0 shares on Jan 06.