At the time of writing, Veeva Systems Inc [VEEV] stock is trading at $186.72, down -0.15%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VEEV shares have lost -0.24% over the last week, with a monthly amount glided 1.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Veeva Systems Inc [NYSE: VEEV] stock has seen the most recent analyst activity on July 09, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $240. Previously, Wells Fargo upgraded its rating to Overweight on October 25, 2023, and elevated its price target to $229. On October 13, 2023, Jefferies initiated with a Buy rating and assigned a price target of $265 on the stock. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $181 on June 28, 2023. Guggenheim upgraded its rating to a Buy but $226 remained the price target by the analyst firm on June 01, 2023. Truist downgraded its rating to Hold for this stock on March 17, 2023, and downed its price target to $195. In a note dated February 23, 2023, Guggenheim downgraded an Neutral rating on this stock.
For the past year, the stock price of Veeva Systems Inc fluctuated between $162.72 and $236.90. Currently, Wall Street analysts expect the stock to reach $227.08 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $186.72 at the most recent close of the market. An investor can expect a potential return of 21.62% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
According to Veeva Systems Inc [NYSE:VEEV], the company’s sales were 2.49B for trailing twelve months, which represents an 23.56% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.12 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 184.84 points at the first support level, and at 182.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.06, and for the 2nd resistance point, it is at 191.40.
Ratios To Look Out For
It is important to note that Veeva Systems Inc [NYSE:VEEV] has a current ratio of 4.29. Also, the Quick Ratio is 4.29, while the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 12.13, the price to book ratio is 6.17 and price to earnings (TTM) ratio is 55.07.
Transactions by insiders
Recent insider trading involved Cabral Timothy S, Interim CFO, that happened on Jun 07 ’24 when 15000.0 shares were sold. EVP Global Sales, MATEO ALAN completed a deal on Apr 23 ’24 to sell 3391.0 shares. Meanwhile, SVP, Gen. Counsel, Secretary Faddis Jonathan sold 3598.0 shares on Apr 15 ’24.
