Research Analysts’ Weekly Ratings Updates for Veeva Systems (VEEV)

Veeva Systems (NYSE: VEEV) recently received a number of ratings updates from brokerages and research firms:

• 12/20/2024 – Veeva Systems is now covered by analysts at Stephens. They set an “overweight” rating and a $280.00 price target on the stock.
• 12/17/2024 – Veeva Systems had its price target raised by analysts at Morgan Stanley from $183.00 to $195.00. They now have an “underweight” rating on the stock.
• 12/16/2024 – Veeva Systems had its price target raised by analysts at JPMorgan Chase & Co. from $208.00 to $218.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – Veeva Systems had its price target raised by analysts at Citigroup Inc. from $281.00 to $307.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Scotiabank from $235.00 to $240.00. They now have a “sector perform” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Barclays PLC from $260.00 to $275.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Wells Fargo & Company from $275.00 to $285.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Piper Sandler from $280.00 to $290.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Royal Bank of Canada from $275.00 to $285.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Robert W. Baird from $275.00 to $283.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Bank of America Co. from $280.00 to $290.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Evercore ISI from $220.00 to $245.00. They now have an “in-line” rating on the stock.
• 12/6/2024 – Veeva Systems had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $261.00 price target on the stock, up previously from $207.00.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Canaccord Genuity Group Inc. from $210.00 to $270.00. They now have a “hold” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Stifel Nicolaus from $240.00 to $272.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Veeva Systems had its price target raised by analysts at Needham & Company LLC from $260.00 to $270.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Veeva Systems is now covered by analysts at Mizuho. They set an “outperform” rating and a $275.00 price target on the stock.
• 11/18/2024 – Veeva Systems is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $235.00 price target on the stock.
• 11/9/2024 – Veeva Systems was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/8/2024 – Veeva Systems had its price target raised by analysts at Barclays PLC from $240.00 to $260.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Veeva Systems had its price target raised by analysts at Piper Sandler from $230.00 to $280.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Veeva Systems had its price target raised by analysts at Royal Bank of Canada from $250.00 to $275.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Veeva Systems had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $260.00 price target on the stock.
• 11/1/2024 – Veeva Systems was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/28/2024 – Veeva Systems had its price target lowered by analysts at Robert W. Baird from $251.00 to $245.00. They now have an “outperform” rating on the stock.

Veeva Systems Price Performance

Shares of NYSE VEEV traded down $7.46 during mid-day trading on Wednesday, reaching $217.43. The company’s stock had a trading volume of 1,035,689 shares, compared to its average volume of 994,481. Veeva Systems Inc. has a 52 week low of $170.25 and a 52 week high of $258.93. The stock has a fifty day moving average of $223.43 and a two-hundred day moving average of $206.08. The firm has a market capitalization of $35.30 billion, a PE ratio of 53.69, a P/E/G ratio of 2.03 and a beta of 0.82.

Insider Transactions at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,126 shares of the company’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 sale, the insider now directly owns 27,013 shares of the company’s stock, valued at $6,483,390.13. This represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan Faddis sold 1,694 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $230.30, for a total transaction of $390,128.20. Following the completion of the sale, the senior vice president now owns 8,061 shares of the company’s stock, valued at approximately $1,856,448.30. This represents a 17.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Institutional Trading of Veeva Systems

Institutional investors have recently made changes to their positions in the business. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Veeva Systems during the 3rd quarter worth approximately $26,000. True Wealth Design LLC grew its stake in Veeva Systems by 3,375.0% during the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock valued at $29,000 after purchasing an additional 135 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Veeva Systems in the second quarter valued at about $46,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Veeva Systems in the third quarter worth about $49,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Veeva Systems during the second quarter worth about $52,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

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.