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Wednesday, February 1, 2023

Analysts Point To Veeva Systems Inc. (NYSE: VEEV) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Veeva Systems Inc. (VEEV) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $165.31. The Veeva Systems Inc. has recorded 84,399 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Global CDMO Adare Pharma Solutions Harmonizing Quality with Veeva Vault Quality Suite.

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Stocks Info

As a NYSE listed company, VEEV falls under the Healthcare sector while operating within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $165.31 and fluctuated between $165.31 as its day high and $160.04 as its day low. The current market capitalization of Veeva Systems Inc. is $25.98B. A total of 0.87 million shares were traded on the day, compared to an average of 1.16M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, VEEV has seen 17 BUY and 53 SELL insider trades, representing the acquisition of 269,409 and the disposition of 267,790 shares. Over the last 12 months, there were 76 BUYs and 101 SELLs from insiders. Insiders purchased 362,912 shares during that period but sold 351,827.

In the most recent transaction, Gassner Peter P sold 1,347,812 shares of VEEV for 153.69 per share on Jan 09. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Jan 06, Gassner Peter P sold 23,730 shares at 160.01 per share. VEEV shares that Chief Executive Officer owns now total 0.

Among the insiders who sold shares, Gassner Peter P disposed of 24,000 shares on Jan 05 at a per-share price of $161.44. This resulted in the Chief Executive Officer holding 0 shares of VEEV after the transaction. In another insider transaction, Gassner Peter P sold 41,494 shares at $165.27 per share on Jan 04. Company shares held by the Chief Executive Officer now total 0.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for VEEV in the last 3 months, the mean price target is $208.80 with high estimates of $250.00 and low estimates of $170.00. In terms of 52-week highs and lows, VEEV has a high of $244.83 and a low of $151.02.

As of this writing, VEEV has an earnings estimate of $1.07 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $1.08 per share and a lower estimate of $1.03. The company reported an EPS of $0.99 in the last quarter, which was 7.60% higher than expectations of $0.92.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VEEV is Sell with a score of 4.23. A total of 15 analysts rated the stock as Buy while 4 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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