Veeva Systems Inc. (NYSE:VEEV – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $271.5217.
Several research analysts have issued reports on the stock. William Blair restated an “outperform” rating on shares of Veeva Systems in a research report on Tuesday, March 10th. Stifel Nicolaus lifted their price target on shares of Veeva Systems from $212.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Canaccord Genuity Group decreased their price target on shares of Veeva Systems from $280.00 to $235.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. Finally, Needham & Company LLC lowered their price objective on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th.
Check Out Our Latest Report on Veeva Systems
Insiders Place Their Bets
Hedge Funds Weigh In On Veeva Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its position in Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after purchasing an additional 55 shares in the last quarter. SHP Wealth Management purchased a new position in Veeva Systems during the 4th quarter worth approximately $26,000. Board of the Pension Protection Fund purchased a new position in Veeva Systems during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG purchased a new position in Veeva Systems during the 3rd quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. grew its position in Veeva Systems by 322.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Veeva Systems
Here are the key news stories impacting Veeva Systems this week:
- Positive Sentiment: Veeva reported Q1 revenue of about $882.9 million and adjusted EPS of $2.24, both ahead of estimates, showing continued demand and profitability improvement. Veeva Systems (VEEV) Q1 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Management issued Q2 revenue guidance of roughly $902 million-$905 million and EPS guidance of $2.21-$2.22, both above consensus, signaling confidence in near-term growth. Veeva Announces Fiscal 2027 First Quarter Results
- Positive Sentiment: Veeva highlighted AI innovations during the earnings call, which may support future product adoption and help the company deepen its competitive position in life sciences software. Veeva Systems Inc (VEEV) Q1 2027 Earnings Call Highlights: Surpassing Revenue Guidance and Unveiling AI Innovations
- Neutral Sentiment: Several summaries of the results emphasized that the quarter’s headline numbers were strong, but investors are still parsing the full transcript and details behind the outlook. Veeva Systems Inc. (VEEV) Q1 2027 Earnings Call Transcript
- Negative Sentiment: Despite the beat-and-raise report, some coverage noted the shares slipped after the announcement, suggesting the market may have been positioned for strong results or is focused on valuation and broader market sentiment. Veeva Shares Slip Despite Beating Q1 Estimates: Details
Veeva Systems Stock Performance
Veeva Systems stock opened at $178.69 on Thursday. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. Veeva Systems has a 1 year low of $148.05 and a 1 year high of $310.50. The firm’s 50 day moving average price is $166.29 and its two-hundred day moving average price is $196.71.
Veeva Systems (NYSE:VEEV – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.10. The firm had revenue of $882.95 million for the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 earnings per share. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, equities analysts predict that Veeva Systems will post 6.45 EPS for the current fiscal year.
Veeva Systems Company Profile
Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.
Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.
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