Veeva Systems Inc. (NYSE:VEEV) Given Consensus Rating of “Moderate Buy” by Brokerages

Veeva Systems Inc. (NYSE:VEEV) has been given a consensus recommendation of “Moderate Buy” by the twenty-eight analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $305.8846.

Several research analysts recently weighed in on VEEV shares. JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $290.00 to $330.00 in a research report on Monday, September 8th. Morgan Stanley upped their price target on Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a research note on Thursday, August 28th. Raymond James Financial restated an “outperform” rating and issued a $340.00 price objective (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Robert W. Baird increased their target price on shares of Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th.

Veeva Systems Price Performance

VEEV opened at $241.01 on Thursday. Veeva Systems has a 12 month low of $201.54 and a 12 month high of $310.50. The business has a 50-day moving average of $281.76 and a two-hundred day moving average of $278.83. The stock has a market capitalization of $39.62 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

Veeva Systems (NYSE:VEEV) last released its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. During the same period last year, the company earned $1.75 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. Equities research analysts anticipate that Veeva Systems will post 4.35 earnings per share for the current year.

Insider Activity

In related news, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the transaction, the insider owned 23,773 shares in the company, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 14,595 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total value of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares in the company, valued at $2,576,400. This trade represents a 62.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,665 shares of company stock valued at $7,438,000. Company insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

Hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its holdings in shares of Veeva Systems by 196.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after purchasing an additional 55 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Veeva Systems during the 3rd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Veeva Systems during the 2nd quarter worth $29,000. OLD Second National Bank of Aurora acquired a new stake in Veeva Systems in the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in Veeva Systems in the second quarter valued at $32,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

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.