Veeva Systems (VEEV) Getting Somewhat Positive News Coverage, Study Finds
News headlines about Veeva Systems (NYSE:VEEV) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Veeva Systems earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.0646044164153 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- Insider Selling: Veeva Systems Inc. (VEEV) Director Sells 5,100 Shares of Stock (americanbankingnews.com)
- Veeva Systems Inc. (VEEV) Director Sells $591,090.00 in Stock (americanbankingnews.com)
- Fluidigm Corporation (FLDM) vs. Veeva Systems (VEEV) Head to Head Comparison (americanbankingnews.com)
- Veeva Systems Inc. Class A (NYSE:VEEV) Sees Significantly Higher Trading Volume – Modern Readers (modernreaders.com)
- Dissecting the Numbers for Evolent Health, Inc. (EVH) and Veeva Systems Inc. (VEEV) – StockNewsGazette (stocknewsgazette.com)
A number of analysts have weighed in on VEEV shares. Stifel Nicolaus increased their target price on shares of Veeva Systems from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Saturday, May 27th. Canaccord Genuity restated a “buy” rating and set a $70.00 price target (up previously from $48.00) on shares of Veeva Systems in a research report on Friday, May 26th. Bank of America Corporation upgraded shares of Veeva Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $48.00 to $70.00 in a research report on Friday, May 26th. Needham & Company LLC restated a “buy” rating and set a $75.00 price target (up previously from $48.00) on shares of Veeva Systems in a research report on Sunday, May 28th. Finally, Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Veeva Systems presently has an average rating of “Buy” and a consensus price target of $64.77.
Veeva Systems (VEEV) opened at 59.72 on Friday. Veeva Systems has a 12 month low of $36.55 and a 12 month high of $68.07. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 76.37 and a beta of 1.63. The company has a 50-day moving average of $62.52 and a 200-day moving average of $56.57.
Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The company had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. Veeva Systems had a return on equity of 13.31% and a net margin of 18.98%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Analysts predict that Veeva Systems will post $0.86 EPS for the current year.
In related news, Director Gordon Ritter sold 10,200 shares of Veeva Systems stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $57.95, for a total value of $591,090.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy S. Cabral sold 40,000 shares of Veeva Systems stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $65.91, for a total value of $2,636,400.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $1,977,300. The disclosure for this sale can be found here. Insiders sold 240,827 shares of company stock valued at $15,118,152 over the last ninety days. 19.17% of the stock is currently owned by company insiders.
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About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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