Veeva Systems (VEEV) Earning Somewhat Positive Press Coverage, Report Shows
News headlines about Veeva Systems (NYSE:VEEV) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veeva Systems earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.7402877283634 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Veeva Systems Inc Just Started to Show Impressive Leverage – Motley Fool (fool.com)
- Veeva Systems (VEEV) Given New $81.00 Price Target at KeyCorp (americanbankingnews.com)
- Tech Stocks Thumb Nose At Trump Trade War Fears As These 4 Industry Sectors Rock (finance.yahoo.com)
- Paul J. Sekhri Sells 4,622 Shares of Veeva Systems Inc (VEEV) Stock (americanbankingnews.com)
- Veeva Systems (VEEV) Price Target Raised to $76.00 at Morgan Stanley (americanbankingnews.com)
VEEV has been the topic of a number of analyst reports. Vetr lowered shares of Veeva Systems from a “buy” rating to a “hold” rating and set a $61.05 target price on the stock. in a report on Thursday, February 15th. Morgan Stanley raised shares of Veeva Systems from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 30th. William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a report on Wednesday, February 21st. KeyCorp reaffirmed an “overweight” rating and set a $81.00 target price (up previously from $70.00) on shares of Veeva Systems in a report on Friday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Veeva Systems presently has a consensus rating of “Buy” and a consensus target price of $69.62.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09. Veeva Systems had a net margin of 20.71% and a return on equity of 12.30%. The business had revenue of $176.10 million during the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. analysts anticipate that Veeva Systems will post 0.75 earnings per share for the current year.
In other Veeva Systems news, Director Paul J. Sekhri sold 4,622 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.00, for a total value of $300,430.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Frederic Lequient sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $62.00, for a total transaction of $930,000.00. Following the completion of the transaction, the senior vice president now directly owns 15,000 shares of the company’s stock, valued at approximately $930,000. The disclosure for this sale can be found here. In the last three months, insiders sold 171,039 shares of company stock valued at $9,802,533. Corporate insiders own 19.17% 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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