At the time of writing, Veeva Systems Inc [VEEV] stock is trading at $217.30, up 2.63%. 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 3.35% over the last week, with a monthly amount drifted -13.24%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Veeva Systems Inc [NYSE: VEEV] stock has seen the most recent analyst activity on December 20, 2024, when Stephens initiated its Overweight rating and assigned the stock a price target of $280. Previously, Mizuho started tracking the stock with Outperform rating on December 04, 2024, and set its price target to $275. On November 19, 2024, Scotiabank initiated with a Sector Perform rating and assigned a price target of $235 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $286 on October 08, 2024. Citigroup reiterated its recommendation of a Buy and raised its price target to $273 on August 27, 2024. BTIG Research started tracking with a Buy rating for this stock on July 09, 2024, and assigned it a price target of $240. In a note dated October 25, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $211 to $229.
For the past year, the stock price of Veeva Systems Inc fluctuated between $170.25 and $258.93. Currently, Wall Street analysts expect the stock to reach $241.86 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $217.30 at the most recent close of the market. An investor can expect a potential return of 11.3% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
According to Veeva Systems Inc [NYSE:VEEV], the company’s sales were 2.66B for trailing twelve months, which represents an 13.41% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.25%. 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 212.54 points at the first support level, and at 207.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 219.98, and for the 2nd resistance point, it is at 222.67.
Ratios To Look Out For
It is important to note that Veeva Systems Inc [NYSE:VEEV] has a current ratio of 6.36. In addition, the Quick Ratio stands at 6.36 and the Cash Ratio stands at 1.22. Considering the valuation of this stock, the price to sales ratio is 13.28, the price to book ratio is 6.41 and price to earnings (TTM) ratio is 53.69.
Transactions by insiders
Recent insider trading involved Faddis Jonathan, SVP, Gen. Counsel, Secretary, that happened on Dec 04 ’24 when 1694.0 shares were sold. Officer, Faddis Jonathan completed a deal on Dec 04 ’24 to buy 1694.0 shares. Meanwhile, Pres. & Chief Customer Officer Schwenger Thomas D. sold 1126.0 shares on Nov 08 ’24.
