Veeva Systems (VEEV) Receiving Somewhat Favorable Press Coverage, Study Shows
News articles about Veeva Systems (NYSE:VEEV) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veeva Systems earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.7863720729767 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Veeva Systems Inc. (VEEV) Director Sells $188,970.00 in Stock (americanbankingnews.com)
- Veeva Systems Inc (VEEV) and Servicemaster Global Holdings Inc (SERV) Needle Moving on Volume – Evergreen Caller (evergreencaller.com)
- Veeva Systems Inc. (VEEV) registers a price change of 1.99% while American Software, Inc. (AMSWA) finishes with a … – Stocks Gallery (stocksgallery.com)
- Is Now the Time to Capitalize on Veeva Systems Inc. (NYSE:VEEV) Shares? – FLBC News (flbcnews.com)
- Brokerages Expect Veeva Systems Inc. (VEEV) to Post $0.15 Earnings Per Share (americanbankingnews.com)
VEEV has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Veeva Systems from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Saturday, May 27th. Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective (up previously from $48.00) on shares of Veeva Systems in a research note on Friday, May 26th. Bank of America Corporation upgraded shares of Veeva Systems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $48.00 to $70.00 in a research note on Friday, May 26th. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price objective (up previously from $48.00) on shares of Veeva Systems in a research note 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 objective on the stock in a research note on Wednesday, May 31st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $62.00.
Shares of Veeva Systems (VEEV) traded up 1.54% during midday trading on Wednesday, hitting $63.77. 1,005,938 shares of the company’s stock traded hands. Veeva Systems has a 1-year low of $36.55 and a 1-year high of $68.07. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 102.69 and a beta of 1.63. The company has a 50 day moving average price of $62.89 and a 200 day moving average price of $55.14.
Veeva Systems (NYSE:VEEV) last issued its earnings results on Thursday, May 25th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.04. Veeva Systems had a net margin of 15.86% and a return on equity of 12.28%. The business had revenue of $157.90 million for the quarter, compared to analyst estimates of $151.82 million. During the same quarter last year, the firm posted $0.15 earnings per share. Veeva Systems’s revenue was up 31.8% on a year-over-year basis. Equities analysts anticipate that Veeva Systems will post $0.83 earnings per share for the current year.
In other Veeva Systems news, Director Ronald E. F. Codd sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $62.99, for a total value of $188,970.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eleni Nitsa Zuppas sold 2,924 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $66.78, for a total transaction of $195,264.72. Following the completion of the transaction, the insider now owns 7,028 shares in the company, valued at $469,329.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,958 shares of company stock worth $17,821,591. Company insiders own 17.50% of the company’s stock.
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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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