Veeva Systems Inc [VEEV] stock prices are up 1.10% to $225.37 at the moment. 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 4.16% over the last week, with a monthly amount glided 5.60%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, Boehringer Ingelheim Partners with Veeva to Advance its Clinical and Regulatory Operations in Animal Health. In a post published today on Yahoo Finance, Global animal health leader adopts Veeva Vault Clinical and Veeva Vault RIM for greater efficiency, visibility, and speed.
From an analyst’s perspective:
Veeva Systems Inc [NYSE: VEEV] stock has seen the most recent analyst activity on October 25, 2023, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $229 from $211. Previously, Jefferies started tracking the stock with Buy rating on October 13, 2023, and set its price target to $265. On June 28, 2023, downgrade downgraded it’s rating to Underweight but maintained its price target of $181 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $226 on June 01, 2023. Truist downgraded its rating to a Hold and reduced its price target to $195 on March 17, 2023. Guggenheim downgraded its rating to Neutral for this stock on February 23, 2023. In a note dated January 04, 2023, Barclays upgraded an Overweight rating on this stock but restated the target price of $205.
The stock price of Veeva Systems Inc [VEEV] has been fluctuating between $160.21 and $225.49 over the past year. Currently, Wall Street analysts expect the stock to reach $232.35 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $225.37 at the most recent close of the market. An investor can expect a potential return of 3.1% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
The Veeva Systems Inc [NYSE:VEEV] reported sales of 2.30B for trailing twelve months, representing a surge of 11.61%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.14 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 222.18 points at the first support level, and at 218.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 227.44, and for the 2nd resistance point, it is at 229.51.
Veeva Systems Inc [VEEV] reported earnings per share of $1.34 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.3/share, meaning a difference of $0.04 and a surprise factor of 3.10%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $1.21 per share as compared to estimates of $1.13 per share, a difference of $0.08 representing a surprise of 7.10%.
Ratios To Look Out For
It’s worth pointing out that Veeva Systems Inc [NYSE:VEEV]’s Current Ratio is 5.64. In addition, the Quick Ratio stands at 5.64 and the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 15.80, the price to book ratio is 8.28 and price to earnings (TTM) ratio is 64.74.
Transactions by insiders
Recent insider trading involved Wallach Matthew J, Director, that happened on Feb 05 when 5000.0 shares were sold. President and COO, Schwenger Thomas D. completed a deal on Jan 22 to sell 1238.0 shares. Meanwhile, EVP Global Sales MATEO ALAN sold 910.0 shares on Jan 17.
