At the time of writing, Veeva Systems Inc [VEEV] stock is trading at $221.90, up 0.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VEEV shares have gain 5.46% over the last week, with a monthly amount glided 3.27%, 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 October 08, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $286. Previously, Citigroup reaffirmed its Buy rating on August 27, 2024, and elevated its price target to $273. On July 09, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $240 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $229 on October 25, 2023. Jefferies initiated its recommendation with a Buy and recommended $265 as its price target on October 13, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on June 28, 2023, but kept the price target unchanged to $181. In a note dated June 01, 2023, Guggenheim upgraded an Buy rating on this stock but restated the target price of $226.
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 $229.71 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $221.90 at the most recent close of the market. An investor can expect a potential return of 3.52% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
According to Veeva Systems Inc [NYSE:VEEV], the company’s sales were 2.57B for trailing twelve months, which represents an 14.56% jump. 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. 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 219.05 points at the first support level, and at 216.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 223.52, and for the 2nd resistance point, it is at 225.14.
Ratios To Look Out For
It is important to note that Veeva Systems Inc [NYSE:VEEV] has a current ratio of 5.01. As well, the Quick Ratio is 5.01, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 13.96, the price to book ratio is 6.93 and price to earnings (TTM) ratio is 59.23.
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.
