Veeva Systems (VEEV) Earning Somewhat Favorable Press Coverage, Report Shows
News headlines about Veeva Systems (NYSE:VEEV) have been trending somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Veeva Systems earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.4021147464927 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Record Attendance! Over 1,800 Clinical Ops Executives Attending SCOPE Summit in Orlando, FL (markets.businessinsider.com)
- Veeva to Release Fiscal 2018 Fourth Quarter and Full Year Results on February 27, 2018 – Business Wire (press release) (businesswire.com)
- Will 2018 Be Veeva Systems Inc.’s Best Year Yet? — The Motley Fool – Motley Fool (fool.com)
- EVER Pharma Adopts Veeva OpenData and Veeva CRM to Transform Customer Engagement (finance.yahoo.com)
Several equities research analysts recently weighed in on VEEV shares. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Zacks Investment Research lowered Veeva Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Canaccord Genuity restated a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a report on Wednesday, December 6th. Morgan Stanley upgraded Veeva Systems from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 30th. Finally, DA Davidson started coverage on Veeva Systems in a report on Friday, February 2nd. They issued a “buy” rating and a $75.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $67.54.
Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The company had revenue of $176.10 million during the quarter, compared to analyst estimates of $171.99 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. equities research analysts expect that Veeva Systems will post 0.68 EPS for the current fiscal year.
In other news, SVP Frederic Lequient sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $62.00, for a total transaction of $930,000.00. Following the sale, the senior vice president now directly owns 15,000 shares in the company, valued at $930,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Matthew J. Wallach sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.98, for a total value of $1,463,520.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,017 shares of company stock valued at $10,171,895. Corporate insiders own 19.17% of the company’s stock.
About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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