Veeva Systems Inc. (NYSE:VEEV) Valuation According To Analysts

Author

21 May, 2017

The 8 months bullish chart indicates low risk for the $8.36 billion company. The company's a year ago sales total was 119.76 Million. About 5 shares traded. Moreover, Nicholas Investment Prns L P has 0.24% invested in Veeva Systems Inc (NYSE:VEEV) for 78,692 shares. It has outperformed by 33.81% the S&P500. Therefore 60% are positive.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The firm has "Neutral" rating by Citigroup given on Friday, October 30. The stock of Primerica, Inc. Avondale downgraded Envestnet Inc (NYSE:ENV) on Tuesday, August 9 to "Market Perform" rating. Additionally, Veeva Systems Inc. Jefferies maintained WPP PLC ORD 10P (LON:WPP) rating on Tuesday, October 27. The company was initiated on Friday, January 22 by William Blair. The firm has "Buy" rating by Ladenburg Thalmann given on Tuesday, February 23.

Investors sentiment decreased to 1.02 in Q4 2016. 746 shares were sold by CROWELL GAYLE A, worth $27,975. Sechrist Paul F also sold $727,880 worth of Coherent, Inc. Shares for $86,828 were sold by Mayer Joshua. The company has market cap of $3.30 billion. Manufacturers Life Insurance The accumulated 0% or 3,782 shares. It has a 49.38 P/E ratio. Another trade for 500 shares valued at $99,065 was made by SKAGGS STEPHEN A on Monday, February 13. About shares traded. Verde Science Inc (OTCMKTS:VRCI) has risen 6.00% since April 18, 2017 and is uptrending. It has outperformed by 30.27% the S&P500. The stock decreased 15.25% or $0.0009 on May 17, reaching $0.005. VEEV's value Change from Open was at 1.10% with a Gap of 0.28%. VRCI's SI was 31,100 shares in May as released by FINRA. Thrivent Fin For Lutherans holds 244,640 shares or 0.04% of its portfolio. (NYSE:PRI) for 300,093 shares. Thrivent Fincl For Lutherans reported 46,390 shares. (NASDAQ:COHR). King Luther Capital Management holds 0.01% in Coherent, Inc. (NYSE:PRI) or 490,217 shares. Ameriprise Fin invested in 0.01% or 271,481 shares.

ATR value of company was 1.05. (NYSE:URG), its shares were trading at $0.52 a retreat of $-0.03, on the trading floor. (NYSE:PRI) for 50,000 shares. To dig out factors, always good to learn who else owns shares, the institutional owner includes mutual funds and pension funds are major players.

Veeva Systems Inc. has a consensus outperform rating from 14 Wall Street analysts, and the number of shares now sold short amount to at least 8.96% of shares outstanding. California State Teachers Retirement System stated it has 96,994 shares or 0.01% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 4,124 shares. Proshare Limited Co has invested 0.01% of its portfolio in Coherent, Inc. (NYSE:PRI) for 150,000 shares. Ubs Asset Mgmt Americas Incorporated accumulated 0% or 55,821 shares. Blackrock Japan has invested 0% in Primerica, Inc. Veeva Systems Inc (NYSE:VEEV) has risen 44.46% since October 6, 2016 and is uptrending. They expect $0.12 earnings per share, up 9.09 % or $0.01 from last year's $0.11 per share. VEEV's profit will be $16.92M for 123.94 P/E if the $0.12 EPS becomes a reality. First Trust Advisors LP raised its stake in shares of Veeva Systems by 41.3% in the third quarter. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Therefore 54% are positive. The Return on Investment (ROI) ratio of Veeva Systems Inc. The rating was upgraded by JMP Securities to "Market Outperform" on Friday, December 16. The company presently has an average rating of "Buy" and an average target price of $46.50. The firm earned "Buy" rating on Wednesday, November 25 by Canaccord Genuity. The company was maintained on Monday, March 7 by Stifel Nicolaus.

COPYRIGHT VIOLATION NOTICE: "Somewhat Favorable News Coverage Very Likely to Impact Veeva Systems (VEEV) Share Price" was first reported by BBNS and is the sole property of of BBNS. As per Wednesday, August 12, the company rating was maintained by MLV. The company was maintained on Wednesday, August 31 by Stifel Nicolaus. Needham & Company LLC increased their price target on Veeva Systems from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, March 1st. On Wednesday, November 25 the stock rating was maintained by Canaccord Genuity with "Buy". The company was maintained on Friday, May 27 by JP Morgan.

Since November 23, 2016, it had 0 buys, and 43 insider sales for $34.34 million activity. $313,688 worth of stock was sold by Ritter Gordon on Tuesday, December 13. Cabral Timothy S sold $1.76 million worth of stock. Lequient Frederic sold 911 shares worth $39,947. 3,500 shares were sold by JAMES SUSAN M., worth $671,732.

In other Veeva Systems news, SVP Jonathan Faddis sold 888 shares of the stock in a transaction that occurred on Friday, March 3rd.


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