Veeva Systems (VEEV) Receiving Favorable Media Coverage, Analysis Shows

Headlines about Veeva Systems (NYSE:VEEV) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Veeva Systems earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.0304457996387 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern’s rankings:

A number of brokerages have issued reports on VEEV. Canaccord Genuity reissued a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Wednesday, December 6th. Zacks Investment Research lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Stifel Nicolaus reissued a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research note on Friday, October 13th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.45.

Veeva Systems (NYSE:VEEV) traded up $0.31 during mid-day trading on Friday, hitting $58.37. 732,317 shares of the company traded hands, compared to its average volume of 1,280,000. Veeva Systems has a 1-year low of $41.30 and a 1-year high of $68.07. The firm has a market cap of $8,250.00, a price-to-earnings ratio of 64.14, a PEG ratio of 4.71 and a beta of 1.60.

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

In related news, EVP Alan Mateo sold 913 shares of Veeva Systems stock in a transaction on Monday, October 16th. The shares were sold at an average price of $59.14, for a total value of $53,994.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy S. Cabral sold 50,000 shares of Veeva Systems stock in a transaction on Monday, December 18th. The stock was sold at an average price of $55.74, for a total transaction of $2,787,000.00. Following the completion of the transaction, the chief financial officer now owns 50,000 shares in the company, valued at approximately $2,787,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,929 shares of company stock valued at $10,142,240. 19.17% of the stock is owned by company insiders.

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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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