Veeva Systems (VEEV) to Release Earnings on Thursday
Veeva Systems (NASDAQ:VEEV) will post its Q214 quarterly earnings results on Thursday, August 28th. Analysts expect Veeva Systems to post earnings of $0.07 per share and revenue of $69.28 million for the quarter.
Veeva Systems (NASDAQ:VEEV) opened at 24.94 on Wednesday. Veeva Systems has a 1-year low of $17.11 and a 1-year high of $49.00. The stock’s 50-day moving average is $23.51 and its 200-day moving average is $25.01. The company has a market cap of $3.187 billion and a price-to-earnings ratio of 147.31.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Veeva Systems from $34.00 to $30.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. On the ratings front, analysts at Pacific Crest cut their price target on shares of Veeva Systems from $44.00 to $30.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Veeva Systems in a research note on Friday, May 30th. They now have a $30.00 price target on the stock, down previously from $34.00. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Veeva Systems presently has an average rating of “Buy” and an average target price of $29.40.
In other Veeva Systems news, major shareholder Maja Kristin sold 25,000 shares of Veeva Systems stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $22.30, for a total value of $557,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
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