Veeva Systems (NYSE:VEEV) Target Raised by Goldman Sachs Group Inc to $228.00

0
25
Business or finance concept : Asia Pacific stock market data and candle stick graph chart on monitor on coins background

Veeva Systems stock has undergone multiple analysts rating changes in the recent past.  Veeva Systems stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $228.00. The analysts previously had $197.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of -1.34% from the stock’s previous close.

Shares of Veeva Systems traded down -$4.89 on Monday, reaching $230.04. 709354 shares of the stock traded hands, compared to its average volume of 1413394. Shares of were trading at $230.04 on Monday. The firm’s 50 day moving average is $206.01 and its 200 day moving average is 162.73.Veeva Systems  has a 12 month low of $228.81 and a 12 month high of $244.10. While on yearly highs and lows, Veeva Systems today has traded high as $235.97 and has touched $228.81 on the downward trend.

Veeva Systems Earnings and What to expect: 

Veeva Systems last announced its earnings results on May 28th, 2020. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. The business had revenue of $337.11 million for the quarter, compared to the consensus estimate of $291.10 million. Its quarterly revenue was up 37.7% on a year-over-year basis. Veeva Systems has generated $1.62 earnings per share over the last year and currently has a price-to-earnings ratio of 116.6. Veeva Systems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 25th, 2020 based off prior year’s report dates.

Earnings for Veeva Systems are expected to grow by 20.56% in the coming year, from $1.80 to $2.17 per share. The P/E ratio of Veeva Systems is 116.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.03. The P/E ratio of Veeva Systems is 116.75, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.49. Veeva Systems has a PEG Ratio of 7.64. PEG Ratios above 1 indicate that a company could be overvalued. Veeva Systems has a P/B Ratio of 20.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 13.17%
  • On 6/23/2020 CFO Timothy S Cabral Sell 30,000 at average share price of $241.07 which equates to $7,232,100.00 in money value.
  • On 6/22/2020 Director Timothy C Barabe Sell 1,428 at average price of  $238.45 with total value of : Not Data Available
  • On 6/16/2020 SVP Frederic Lequient Sell 407 at average price of  $224.41 with total value of : $91,334.87
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Veeva Systems

  • 6/22/2020 – Veeva Systems had its price target raised by analysts at Robert W. Baird from $242.00 to $256.00. They now have an “outperform” rating on the stock. ()
  • 6/8/2020 – Veeva Systems is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $235.00 price target on the stock. ()
  • 6/8/2020 – Veeva Systems is now covered by analysts at Citigroup Inc. They set a “buy” rating and a $265.00 price target on the stock. ()
  • 6/1/2020 – Veeva Systems had its “buy” rating re-affirmed by analysts at William Blair. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Zendesk had its price target raised by analysts at Goldman Sachs Group Inc from $96.00 to $113.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • See More Analyst Rating at: RATING

Veeva Systems (NYSE:VEEV) Moving Average Technical Analysis

5 day Moving Average is $235.29 And 5 day price change is -7.61 (-3.19%)  with average volume for 5 day average is 1,080,286. While technical analysis for average 20 days shows significant difference, 20 day moving average is  223.89 and 20 day price change is 12.35 (0.0564) and average 20 day moving volume is 1,337,006. 50 day moving average is 206.01  and 50 day price change is 50.19 ( 0.2771)  and with average volume for 50 days is : 1,289,183. 200 day moving average is 162.73  and 200 day price change is 88.41 (0.6187)  and with average volume for 200 days is : 1,501,306.

See More Analyst Rating at: RATING