Veeva Systems (NYSE:VEEV) Issues FY 2025 Earnings Guidance

Veeva Systems (NYSE:VEEV) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.440-6.440 for the period, compared to the consensus EPS estimate of 6.240. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. Veeva Systems also updated its FY25 guidance to ~$6.44 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VEEV shares. Royal Bank of Canada lifted their price target on Veeva Systems from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays boosted their target price on Veeva Systems from $240.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Raymond James boosted their target price on Veeva Systems from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. 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. Finally, BNP Paribas initiated coverage on Veeva Systems in a report on Tuesday, October 8th. They issued an “outperform” rating and a $286.00 price objective on the stock. One 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’s stock. According to MarketBeat, Veeva Systems has an average rating of “Moderate Buy” and an average price target of $238.44.

Veeva Systems Trading Down 2.6 %

Shares of VEEV traded down $6.08 during midday trading on Thursday, hitting $231.66. 1,741,972 shares of the company’s stock traded hands, compared to its average volume of 965,028. Veeva Systems has a 1 year low of $165.12 and a 1 year high of $240.68. The firm’s fifty day moving average is $217.06 and its 200-day moving average is $202.41. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 63.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Insider Activity at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,126 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $240.01, for a total transaction of $270,251.26. Following the sale, the insider now directly owns 27,013 shares of the company’s stock, valued at approximately $6,483,390.13. This trade represents a 4.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is owned by insiders.

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.