Veeva Systems Inc. (NYSE:VEEV) Given Consensus Rating of “Moderate Buy” by Analysts

Veeva Systems Inc. (NYSE:VEEV) has received a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $305.8846.

Several brokerages recently commented on VEEV. Piper Sandler boosted their target price on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. BTIG Research reissued a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a research note on Friday, November 21st. Mizuho upped their price objective on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $355.00 price target on shares of Veeva Systems in a research report on Friday, November 21st.

Veeva Systems Stock Up 0.4%

Shares of NYSE VEEV opened at $241.01 on Thursday. The stock has a market cap of $39.62 billion, a P/E ratio of 46.89, a P/E/G ratio of 1.79 and a beta of 1.05. The firm’s 50-day simple moving average is $281.76 and its 200 day simple moving average is $278.83. Veeva Systems has a fifty-two week low of $201.54 and a fifty-two week high of $310.50.

Veeva Systems (NYSE:VEEV) last released its earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.95 by $0.09. The firm had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. Veeva Systems’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts anticipate that Veeva Systems will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $298.12, for a total value of $214,646.40. Following the sale, the senior vice president directly owned 7,868 shares in the company, valued at $2,345,608.16. The trade was a 8.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,665 shares of company stock worth $7,438,000 in the last ninety days. 10.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Veeva Systems

A number of hedge funds have recently modified their holdings of the stock. ASR Vermogensbeheer N.V. lifted its stake in shares of Veeva Systems by 64.2% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock valued at $1,488,000 after purchasing an additional 2,020 shares during the last quarter. Stevens Capital Management LP bought a new position in Veeva Systems during the second quarter valued at about $306,000. QRG Capital Management Inc. lifted its position in shares of Veeva Systems by 15.7% in the second quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock worth $3,678,000 after buying an additional 1,735 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Veeva Systems by 12.5% in the second quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock worth $13,030,000 after buying an additional 5,042 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Veeva Systems by 409.4% during the 2nd quarter. Penserra Capital Management LLC now owns 3,693 shares of the technology company’s stock worth $1,062,000 after acquiring an additional 2,968 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.