Veeva Systems (VEEV) Expected to Announce Earnings on Wednesday

Veeva Systems (NYSE:VEEV) is projected to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $1.58 per share and revenue of $699.27 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $221.53 on Wednesday. The firm has a market cap of $35.97 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 1.89 and a beta of 0.85. The business’s 50-day simple moving average is $223.69 and its 200-day simple moving average is $218.40. Veeva Systems has a 52 week low of $170.25 and a 52 week high of $258.93.

Analysts Set New Price Targets

A number of research analysts have recently commented on VEEV shares. Morgan Stanley increased their price objective on Veeva Systems from $183.00 to $195.00 and gave the company an “underweight” rating in a report on Tuesday, December 17th. Piper Sandler increased their price objective on Veeva Systems from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Robert W. Baird increased their price objective on Veeva Systems from $275.00 to $283.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com raised Veeva Systems from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Finally, The Goldman Sachs Group lowered Veeva Systems from a “buy” rating to a “sell” rating and lowered their target price for the company from $261.00 to $200.00 in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.08.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 1,694 shares of the firm’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 transaction of $390,128.20. Following the completion of the transaction, the senior vice president now owns 8,061 shares in the company, valued at $1,856,448.30. This trade represents a 17.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is owned by corporate 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.