Veeva Systems (NYSE:VEEV) Issues Q4 Earnings Guidance

Veeva Systems (NYSE:VEEV) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ~$1.57 for the period, compared to the consensus EPS estimate of $1.53. The company issued revenue guidance of $696-699 million, compared to the consensus revenue estimate of $697.52 million. Veeva Systems also updated its FY 2025 guidance to 6.440-6.440 EPS.

Analysts Set New Price Targets

Several research analysts have issued reports on VEEV shares. Piper Sandler increased their price objective on Veeva Systems from $280.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank initiated coverage on shares of Veeva Systems in a report on Monday, November 18th. They issued a “sector perform” rating and a $235.00 price target for the company. Mizuho initiated coverage on shares of Veeva Systems in a report on Wednesday. They set an “outperform” rating and a $275.00 price objective on the stock. Needham & Company LLC upped their target price on shares of Veeva Systems from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays lifted their price target on shares of Veeva Systems from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.32.

Veeva Systems Stock Down 2.6 %

Shares of Veeva Systems stock opened at $231.66 on Friday. Veeva Systems has a fifty-two week low of $165.12 and a fifty-two week high of $240.68. The business’s fifty day moving average is $217.50 and its two-hundred day moving average is $202.61. The firm has a market cap of $37.51 billion, a PE ratio of 61.78, a P/E/G ratio of 2.20 and a beta of 0.82.

Insider Buying and Selling

In related news, insider Thomas D. Schwenger sold 1,126 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $240.01, for a total transaction of $270,251.26. Following the completion of the transaction, the insider now owns 27,013 shares of the company’s stock, valued at approximately $6,483,390.13. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.50% of the stock is currently owned by company insiders.

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.