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. Recently, Yahoo Finance discussed the stock, revealing that Veeva Announces Fourth Quarter and Fiscal Year 2024 Results.

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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 $225.51 and fluctuated between $228.02 as its day high and $224.33 as its day low. The current market capitalization of Veeva Systems Inc is $36.31B. A total of 1.69 million shares were traded on the day, compared to an average of 1.18M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 59 BUYs and 56 SELLs from insiders. Insiders purchased 14,434,357 shares during that period but sold 105,363.

In the most recent transaction, Wallach Matthew J sold 5,000 shares of VEEV for 203.43 per share on Feb 05. After the transaction, the Director now owns 104,025 company shares. In a previous transaction on Jan 22, Schwenger Thomas D. sold 1,238 shares at 210.02 per share. VEEV shares that President and COO owns now total 24,342.

Among the insiders who sold shares, MATEO ALAN disposed of 910 shares on Jan 17 at a per-share price of $204.72. This resulted in the EVP Global Sales holding 21,983 shares of VEEV after the transaction. In another insider transaction, Zuppas Eleni Nitsa sold 3,000 shares at $204.75 per share on Jan 12. Company shares held by the Chief Marketing Officer now total 19,057.

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 $214.32 with high estimates of $250.00 and low estimates of $160.00. In terms of 52-week highs and lows, VEEV has a high of $226.32 and a low of $160.21.

As of this writing, VEEV has an earnings estimate of $1.3 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.29. The company reported an EPS of $1.21 in the last quarter, which was 7.10% higher than expectations of $1.13.

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. VEEV’s latest balance sheet shows that the firm has $2.38B in Cash & Short Term Investments as of fiscal 2022. There were $54.59M in debt and $840.78M in liabilities at the time. Its Book Value Per Share was $27.21, while its Total Shareholder’s Equity was $2.91B.

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, 0 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 Buy with a score of 4.17.

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