Veeva Systems Inc [VEEV] stock is trading at $222.59, up 3.10%. 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 gain 2.84% over the last week, with a monthly amount glided 20.02%, 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 August 27, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $273 from $256. Previously, BTIG Research started tracking the stock with Buy rating on July 09, 2024, and set its price target to $240. On October 25, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $229 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $265 on October 13, 2023. Morgan Stanley downgraded its rating to a Underweight but $181 remained the price target by the analyst firm on June 28, 2023. Guggenheim upgraded its rating to Buy for this stock on June 01, 2023, but kept the price target unchanged to $226. In a note dated March 17, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $205 to $195.
Veeva Systems Inc [VEEV] stock has fluctuated between $162.72 and $236.90 over the past year. Currently, Wall Street analysts expect the stock to reach $229.5 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $222.59 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
Veeva Systems Inc [NYSE:VEEV] reported sales of 2.57B for the trailing twelve months, which represents a growth of 14.56%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.13 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 217.71 points at the first support level, and at 212.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 225.13, and for the 2nd resistance point, it is at 227.68.
Ratios To Look Out For
For context, Veeva Systems Inc’s Current Ratio is 5.01. Also, the Quick Ratio is 5.01, while the Cash Ratio stands at 1.09. Considering the valuation of this stock, the price to sales ratio is 14.01, the price to book ratio is 6.95 and price to earnings (TTM) ratio is 59.41.
Transactions by insiders
Recent insider trading involved Faddis Jonathan, SVP, Gen. Counsel, Secretary, that happened on Aug 21 ’24 when 2353.0 shares were sold. Officer, Faddis Jonathan completed a deal on Aug 21 ’24 to buy 2353.0 shares. Meanwhile, Interim CFO Cabral Timothy S sold 15000.0 shares on Jun 07 ’24.
