Impact of Brokerage Rating on Veeva Systems Inc.(VEEV)

Many Veeva Systems Inc.(VEEV) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Canaccord Genuity on Nov 23, 2016 to Buy, Raises Price Target to $ 48 from a previous price target of $46 .Company shares were Reiterated by Stifel on Nov 23, 2016 to Buy, Raises Price Target to $ 48 from a previous price target of $45 .

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Jonathan Faddis (SVP, Gen. Counsel, Secretary) sold 10,500 shares at 42.20 per share price.On Jan 19, 2017, Matthew J Wallach (President) sold 84,000 shares at 43.48 per share price.On Jan 18, 2017, Alan Mateo (EVP Global Sales) sold 3,748 shares at 44.20 per share price.

Veeva Systems Inc Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.16. The company had revenue of $142.80 million for the quarter, compared to analysts expectations of $135.80 million. The companys revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Veeva Systems Inc. (NYSE:VEEV) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.73 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

Veeva Systems Inc. (NYSE:VEEV): 10 analysts have set the short term price target of Veeva Systems Inc. (NYSE:VEEV) at $47.5. The standard deviation of short term price target has been estimated at $2.42, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 51 and $43 respectively.

Veeva Systems Inc. (NYSE:VEEV) witnessed a decline in the market cap on Tuesday as its shares dropped 0.09% or 0.04 points. After the session commenced at $43.63, the stock reached the higher end at $44.108 while it hit a low of $43.24. With the volume soaring to 726,949 shares, the last trade was called at $43.98. The company has a 52-week high of $47.95. The company has a market cap of $6,032 million and there are 137,162,400 shares in outstanding. The 52-week low of the share price is $20.82.

Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.

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