Healthy Upside Potential: Veeva Systems Inc (VEEV)

With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. The 52-week range on VEEV shows that it touched its highest point at $225.49 and its lowest point at $160.21 during that stretch. It currently has a 1-year price target of $211.12. Beta for the stock currently stands at 0.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VEEV was up-trending over the past week, with a rise of 5.59%, but this was up by 11.60% over a month. Three-month performance surged to 10.96% while six-month performance rose 11.06%. The stock gained 20.59% in the past year, while it has gained 11.88% so far this year. A look at the trailing 12-month EPS for VEEV yields 3.48 with Next year EPS estimates of 5.57. For the next quarter, that number is 1.30. This implies an EPS growth rate of 11.18% for this year and 17.06% for next year. EPS is expected to grow by 13.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.00%.

Float and Shares Shorts:

At present, 161.02 million VEEV shares are outstanding with a float of 146.52 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.26 million, which was 1.40% higher than short shares on Dec 14, 2023. In addition to Mr. Peter P. Gassner as the firm’s Founder, CEO & Director, Mr. Thomas D. Schwenger serves as its President & COO.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VEEV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VEEV analysts setting a high price target of $250.00 and a low target of $160.00, the average target price over the next 12 months is $211.12. Based on these targets, VEEV could surge 16.07% to reach the target high and fall by -25.72% to reach the target low. Reaching the average price target will result in a decline of -1.98% from current levels.

Summary of Insider Activity:

Insiders traded VEEV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 59 while that of sell transactions has risen to 56 over the past year. The total number of shares bought during that period was 14,434,357 while 105,363 shares were sold.