2 weeks Ago By ABMN Staff
Veeva Systems Inc. ( NYSE:VEEV – Get Free Report ) shares gapped up prior to trading on Thursday after TD Cowen raised their price target on the stock from $180.00 to $192.
00. The stock had previously closed at $199.35, but opened at $214.
19. TD Cowen currently has a hold rating on the stock. Veeva Systems shares last traded at $217.
67, with a volume of 538,365 shares trading hands. A number of other research firms have also recently commented on VEEV. Needham & Company LLC reiterated a “buy” rating and issued a $260.
00 target price on shares of Veeva Systems in a research note on Thursday. Canaccord Genuity Group lowered their price target on shares of Veeva Systems from $220.00 to $210.
00 and set a “hold” rating on the stock in a report on Friday, May 31st. UBS Group lifted their price target on Veeva Systems from $185.00 to $215.
00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Piper Sandler upped their price target on Veeva Systems from $225.00 to $230.
00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Citigroup raised their price objective on Veeva Systems from $256.00 to $273.
00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.
com, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus target price of $230.13. Get Our Latest Report on VEEV Insider Transactions at Veeva Systems Institutional Investors Weigh In On Veeva Systems Institutional investors and hedge funds have recently added to or reduced their stakes in the business.
Sycomore Asset Management purchased a new stake in shares of Veeva Systems in the 2nd quarter valued at approximately $8,298,000. Clearbridge Investments LLC raised its position in Veeva Systems by 0.4% in the second quarter.
Clearbridge Investments LLC now owns 11,682 shares of the technology company’s stock valued at $2,138,000 after purchasing an additional 52 shares during the period. New Wave Wealth Advisors LLC acquired a new position in Veeva Systems during the second quarter worth $231,000. Regal Investment Advisors LLC boosted its position in shares of Veeva Systems by 42.
9% during the second quarter. Regal Investment Advisors LLC now owns 2,535 shares of the technology company’s stock worth $464,000 after buying an additional 761 shares during the period. Finally, Quarry LP grew its stake in shares of Veeva Systems by 39.
4% in the second quarter. Quarry LP now owns 421 shares of the technology company’s stock valued at $77,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 88.
20% of the company’s stock. Veeva Systems Trading Down 0.3 % The company has a fifty day moving average of $188.
49 and a 200-day moving average of $202.13. The stock has a market cap of $34.
99 billion, a PE ratio of 63.86, a P/E/G ratio of 1.95 and a beta of 0.
80. Veeva Systems ( NYSE:VEEV – Get Free Report ) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.
03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10.
Veeva Systems had a net margin of 22.34% and a return on equity of 12.74%.
The company had revenue of $650.35 million for the quarter, compared to analyst estimates of $641.73 million.
As a group, research analysts anticipate that Veeva Systems Inc. will post 4.19 earnings per share for the current fiscal year.
About Veeva Systems ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.
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