Veeva Systems Inc. [NYSE: VEEV] stock went on an upward path that rose over 0.58% on Thursday, amounting to a one-week price increase of more than 0.03%. The company report on August 27, 2020 that Veeva Announces Fiscal 2021 Second Quarter Results.
Total Revenues of $353.7M, up 33% Year-over-year;.
Subscription Services Revenues of $283.5M, up 30% Year-over-year.
Over the last 12 months, VEEV stock rose by 64.65%. The one-year Veeva Systems Inc. stock forecast points to a potential downside of -12.01. The average equity rating for VEEV stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $41.06 billion, with 149.54 million shares outstanding and 134.26 million shares in the current float. Compared to the average trading volume of 1.01M shares, VEEV stock reached a trading volume of 1472772 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Veeva Systems Inc. [VEEV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VEEV shares is $241.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VEEV stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
FBN Securities have made an estimate for Veeva Systems Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 23, 2020. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on July 07, 2020, representing the official price target for Veeva Systems Inc. stock. Previously, the target price had yet another raise to $265, while Citigroup analysts kept a Buy rating on VEEV stock. On May 29, 2020, analysts increased their price target for VEEV shares from 187 to 235.
The Average True Range (ATR) for Veeva Systems Inc. is set at 8.13, with the Price to Sales ratio for VEEV stock in the period of the last 12 months amounting to 34.32. The Price to Book ratio for the last quarter was 22.44, with the Price to Cash per share for the same quarter was set at 9.09.
VEEV Stock Performance Analysis:
Veeva Systems Inc. [VEEV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.03. With this latest performance, VEEV shares gained by 4.12% in over the last four-week period, additionally plugging by 90.34% over the last 6 months – not to mention a rise of 64.65% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VEEV stock in for the last two-week period is set at 60.12, with the RSI for the last a single of trading hit 60.82, and the three-weeks RSI is set at 59.62 for Veeva Systems Inc. [VEEV]. The present Moving Average for the last 50 days of trading for this stock 253.28, while it was recorded at 265.13 for the last single week of trading, and 185.65 for the last 200 days.
Insight into Veeva Systems Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Veeva Systems Inc. [VEEV] shares currently have an operating margin of +25.92 and a Gross Margin at +71.97. Veeva Systems Inc.’s Net Margin is presently recorded at +27.27.
Return on Total Capital for VEEV is now 19.35, given the latest momentum, and Return on Invested Capital for the company is 20.43. Return on Equity for this stock inclined to 20.74, with Return on Assets sitting at 15.34. When it comes to the capital structure of this company, Veeva Systems Inc. [VEEV] has a Total Debt to Total Equity ratio set at 3.29. Additionally, VEEV Total Debt to Total Capital is recorded at 3.19, with Total Debt to Total Assets ending up at 2.41. Long-Term Debt to Equity for the company is recorded at 2.69, with the Long-Term Debt to Total Capital now at 2.60.
Reflecting on the efficiency of the workforce at the company, Veeva Systems Inc. [VEEV] managed to generate an average of $86,009 per employee. Receivables Turnover for the company is 2.97 with a Total Asset Turnover recorded at a value of 0.56.Veeva Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.00.
VEEV Stock EPS
With the latest financial reports released by the company, Veeva Systems Inc. posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VEEV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Veeva Systems Inc. go to 17.05%.
Veeva Systems Inc. [VEEV] Insider Position Details
There are presently around $32,504 million, or 90.80% of VEEV stock, in the hands of institutional investors. The top three institutional holders of VEEV stocks are: MORGAN STANLEY with ownership of 14,071,575, which is approximately 0.341% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 12,890,591 shares of the stock with an approximate value of $3.48 billion in VEEV stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $2.62 billion in VEEV stock with ownership of nearly -1.527% of the company’s market capitalization.
Positions in Veeva Systems Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 392 institutional holders increased their position in Veeva Systems Inc. [NYSE:VEEV] by around 9,025,653 shares. Additionally, 280 investors decreased positions by around 11,592,039 shares, while 79 investors held positions by with 99,670,363 shares. The mentioned changes placed institutional holdings at 120,288,055 shares, according to the latest SEC report filing. VEEV stock had 143 new institutional investments in for a total of 1,576,350 shares, while 64 institutional investors sold positions of 1,017,412 shares during the same period.