Veeva Systems Inc. (NYSE:VEEV) finished Wednesday with an addition of $13.0 to close at $299.00, an upside of 4.55 percent. An average of 722,100 shares of common stock have been traded in the last five days. There was a gain of $16.75 in the past week. The last 20 days have seen an average of 722,900 shares traded, while the 50-day average volume stands at 802,888.
VEEV stock has decreased by -0.00% in the last month. The company shares reached their 1-month lowest point of $275.85 on 10/04/21. With the stock rallying to its 52-week high on 08/05/21, shares of the company touched a low of $235.74 and a high of $343.96 in 52 weeks. In spite of this, the price is down -13.07% from the 52-week high.
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3 days have passed since Veeva Systems Inc. (VEEV) last reported insider trading activity. MATEO ALAN, who is EVP Global Sales, most recently acquired $2,347 shares at $285.90 per share on Oct 11. In this transaction, the insider spent $671,007. Director, Wallach Matthew J, disposed of 5,000 shares at a price of $286.70 on Oct 07. The insider now owns more than $1,433,480 worth of shares. Prior to that, Director Chamberlain Paul Edward went on to Sale 100 shares at $284.00 each on Sep 30. An amount of $28,400 was transacted.
Veeva Systems Inc. (VEEV) has a trailing price-to-earnings (P/E) ratio of 108.18, which compares with the 23.70 for the broader industry and 32.30 for the sector. In the last five years, Veeva Systems Inc.’s PE ratio has ranged between 149.78 and 57.79. The stock’s beta is 0.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 27.72, the price-to-book (PB) ratio at 17.48.
The quick ratio of Veeva Systems Inc. for the three months ended July 30 was 4.00, and the current ratio was 4.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending July 30. On the profitability front, the trailing 12-month gross margin is 72.60% against a 5-year average of 70.8%. Veeva Systems Inc.’s EBITDA margin for the year ending July 30 is 28.47%, while its operating margin for the same period stands at 27.20%. Its gross profit as reported stood at $1.06 billion compared to revenue of $1.47 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Veeva Systems Inc.’s return on assets was 13.90%, compared to 13.8% over the last five years. In the past year, the return on investment has been 16.00%, and the 5-year average is 17.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been 18.00% and the 5-year average holds at 18.9%. For the broader industry, ROE averaged 9.65 over the past year.
For the three-month period that ended July 30, Veeva Systems Inc. had $1.2 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $455.59 million in the quarter, while revenues of $35.77 million were grew 26.01%. The analyst consensus anticipated Veeva Systems Inc.’s latest quarter earnings to come in at $0.87 per share, but it turned out to be $0.94, a 8.00% surprise. For the quarter, EBITDA amounted to $139.72 million. Shareholders own equity worth $153.42 million.
From a technical analysis perspective, let’s take a brief look at Veeva Systems Inc. (VEEV) price momentum. RSI 9-day as of the close on 13 October was 61.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.66%.
As of today, VEEV’s price is $288.74 +5.93% or $16.75 from its 5-day moving average. VEEV is currently trading -0.25% lower than its 20-day SMA and +14.86% higher than its 100-day SMA. However, the stock’s current price level is -11.55% below the SMA50 and +8.61% above the SMA200.
The stochastic %K and %D were 56.29% and 44.97%, respectively, and the average true range (ATR) was 7.21. With the 14-day stochastic at 96.10% and the average true range at 7.06, the RSI (14) stands at 53.68%. The stock has reached 3.87 on the 9-day MACD Oscillator while the 14-day reading was at 2.31.
The consensus rating for Veeva Systems Inc. (VEEV) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell VEEV, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.
What is VEEV’s price target for the next 12 months?
Analysts predict a range of price targets between $296.00 and $400.00, with a median target of $350.00. Taking a look at these predictions, the average price target given by analysts for Veeva Systems Inc. (VEEV) stock is $343.26.