Somewhat Positive News Coverage Somewhat Unlikely to Impact Veeva Systems (VEEV) Share Price
Media headlines about Veeva Systems (NYSE:VEEV) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veeva Systems earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.1320898962277 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Financial Contrast: HealthEquity (HQY) vs. Veeva Systems (VEEV) (americanbankingnews.com)
- Veeva Systems: Industry Survey Reveals Clinical Data Management Delays Are Slowing Trial Completion (itbusinessnet.com)
- After Sharp Pullback, Can This Life Sciences Tech IPO Rise Again? (finance.yahoo.com)
- Veeva Systems Inc. (VEEV) Expected to Announce Quarterly Sales of $172.06 Million (americanbankingnews.com)
Several research firms have issued reports on VEEV. JMP Securities reiterated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Saturday, August 26th. Morgan Stanley lowered Veeva Systems from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $53.00 to $68.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. Deutsche Bank AG restated a “hold” rating and issued a $55.00 target price on shares of Veeva Systems in a research note on Tuesday, May 30th. BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Canaccord Genuity restated a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Tuesday, August 22nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Veeva Systems presently has a consensus rating of “Buy” and a consensus price target of $64.77.
Veeva Systems (NYSE:VEEV) opened at 55.68 on Friday. The company has a market cap of $7.83 billion, a PE ratio of 71.20 and a beta of 1.65. Veeva Systems has a 12-month low of $36.55 and a 12-month high of $68.07. The company has a 50-day moving average price of $60.34 and a 200 day moving average price of $57.80.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The company had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Veeva Systems’s revenue was up 26.8% on a year-over-year basis. On average, analysts forecast that Veeva Systems will post $0.87 EPS for the current fiscal year.
In other Veeva Systems news, CFO Timothy S. Cabral sold 4,375 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $56.44, for a total value of $246,925.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Matthew J. Wallach sold 24,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $55.83, for a total value of $1,339,920.00. Following the completion of the transaction, the president now directly owns 24,000 shares of the company’s stock, valued at approximately $1,339,920. The disclosure for this sale can be found here. In the last ninety days, insiders sold 263,040 shares of company stock valued at $15,778,901. Insiders own 19.17% of the company’s stock.
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Veeva Systems Company Profile
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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