Veeva Systems Inc [VEEV] stock is trading at $226.88, down -0.03%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VEEV shares have gain 8.09% over the last week, with a monthly amount glided 6.95%, 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 November 19, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $235. Previously, Exane BNP Paribas started tracking the stock with Outperform rating on October 08, 2024, and set its price target to $286. On August 27, 2024, Citigroup reiterated its Buy rating and revised its price target to $273 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $240 on July 09, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $229 on October 25, 2023. Jefferies started tracking with a Buy rating for this stock on October 13, 2023, and assigned it a price target of $265. In a note dated June 28, 2023, Morgan Stanley downgraded an Underweight rating on this stock but restated the target price of $181.
Veeva Systems Inc [VEEV] stock has fluctuated between $165.12 and $240.68 over the past year. 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 $226.88 at the most recent close of the market. An investor can expect a potential return of 1.25% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 224.81 points at the first support level, and at 222.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 228.34, and for the 2nd resistance point, it is at 229.81.
Ratios To Look Out For
For context, Veeva Systems Inc’s Current Ratio is 5.01. Further, the Quick Ratio stands at 5.01, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 14.28, the price to book ratio is 7.08 and price to earnings (TTM) ratio is 60.56.
Transactions by insiders
Recent insider trading involved Schwenger Thomas D., Pres. & Chief Customer Officer, that happened on Nov 08 ’24 when 1126.0 shares were sold. Director, Schwenger Thomas D. completed a deal on Nov 08 ’24 to buy 1126.0 shares. Meanwhile, SVP, Gen. Counsel, Secretary Faddis Jonathan sold 2353.0 shares on Aug 21 ’24.
