Veeva Systems (VEEV) to Release Quarterly Earnings on Wednesday

Veeva Systems (NYSE:VEEV) will likely be posting its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect Veeva Systems to post earnings of $1.58 per share and revenue of $699.27 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Veeva Systems Trading Down 2.2 %

Shares of VEEV stock opened at $219.28 on Tuesday. The stock’s 50-day moving average price is $223.74 and its 200-day moving average price is $219.35. Veeva Systems has a 12-month low of $170.25 and a 12-month high of $258.93. The stock has a market capitalization of $35.60 billion, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.85.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays lifted their target price on Veeva Systems from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Truist Financial dropped their price objective on shares of Veeva Systems from $261.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, January 13th. Evercore ISI boosted their price objective on shares of Veeva Systems from $220.00 to $245.00 and gave the company an “in-line” rating in a research report on Friday, December 6th. Citigroup raised their target price on shares of Veeva Systems from $281.00 to $307.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Bank of America upped their price target on shares of Veeva Systems from $280.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $255.08.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 1,694 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the sale, the senior vice president now directly owns 8,061 shares in the company, valued at $1,856,448.30. This represents a 17.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by insiders.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.