Veeva Systems (NYSE:VEEV) Issues FY25 Earnings Guidance

Veeva Systems (NYSE:VEEV) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of ~$6.44 for the period, compared to the consensus EPS estimate of $6.24. The company issued revenue guidance of $2.722-2.725 billion, compared to the consensus revenue estimate of $2.71 billion. Veeva Systems also updated its Q4 guidance to ~$1.57 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Scotiabank assumed coverage on shares of Veeva Systems in a research note on Monday, November 18th. They set a “sector perform” rating and a $235.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Veeva Systems from $203.00 to $208.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Veeva Systems in a research note on Friday, November 8th. Guggenheim raised their price target on shares of Veeva Systems from $233.00 to $249.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Mizuho assumed coverage on shares of Veeva Systems in a research report on Wednesday. They issued an “outperform” rating and a $275.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus target price of $238.44.

Veeva Systems Price Performance

Shares of VEEV traded down $6.08 during mid-day trading on Thursday, hitting $231.66. The company’s stock had a trading volume of 1,755,587 shares, compared to its average volume of 963,670. The firm has a 50-day moving average price of $217.06 and a 200 day moving average price of $202.41. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 63.36, a PEG ratio of 2.20 and a beta of 0.82. Veeva Systems has a fifty-two week low of $165.12 and a fifty-two week high of $240.68.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,126 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.01, for a total value of $270,251.26. Following the completion of the transaction, the insider now directly owns 27,013 shares in the company, valued at $6,483,390.13. This trade represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 10.50% of the company’s stock.

About Veeva Systems

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.