Somewhat Positive Media Coverage Somewhat Unlikely to Affect Veeva Systems (VEEV) Share Price

Headlines about Veeva Systems (NYSE:VEEV) have trended somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veeva Systems earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.8459773590965 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern’s analysis:

Veeva Systems (VEEV) traded up $0.40 during mid-day trading on Friday, reaching $55.98. The company’s stock had a trading volume of 1,774,381 shares, compared to its average volume of 1,411,170. Veeva Systems has a twelve month low of $40.50 and a twelve month high of $68.07. The stock has a market capitalization of $7,855.84, a PE ratio of 94.20, a P/E/G ratio of 4.51 and a beta of 1.60.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The business had revenue of $176.10 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was up 23.3% on a year-over-year basis. equities analysts predict that Veeva Systems will post 0.68 earnings per share for the current year.

Several brokerages recently issued reports on VEEV. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research report on Tuesday, August 22nd. KeyCorp reaffirmed a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research report on Friday, August 25th. Zacks Investment Research cut Veeva Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Veeva Systems has a consensus rating of “Buy” and an average price target of $67.45.

In other Veeva Systems news, Director Gordon Ritter sold 10,200 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $55.16, for a total value of $562,632.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jonathan Faddis sold 37,500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $56.38, for a total value of $2,114,250.00. Following the completion of the transaction, the senior vice president now directly owns 39,149 shares in the company, valued at approximately $2,207,220.62. The disclosure for this sale can be found here. In the last three months, insiders sold 196,029 shares of company stock worth $11,331,308. 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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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