News articles about Veeva Systems (NYSE:VEEV) have been trending somewhat negative this week, according to Alpha One Sentiment Analysis. The research group, a division of Accern, ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Veeva Systems earned a media sentiment score of -0.03 on Alpha One’s scale. Alpha One also gave press coverage about the technology company an impact score of 90 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Insider Selling: Veeva Systems Inc. (VEEV) CFO Sells 4,375 Shares of Stock (americanbankingnews.com)
- Insider Selling: Veeva Systems Inc. (VEEV) Director Sells 10,200 Shares of Stock (americanbankingnews.com)
- Veeva Systems (VEEV) & NantHealth (NH) Financial Review (americanbankingnews.com)
- Veeva Systems Inc. (VEEV) EVP Alan Mateo Sells 8,025 Shares (americanbankingnews.com)
- Why Veeva Systems (VEEV) Could be a Potential Winner – Nasdaq (nasdaq.com)
Veeva Systems (VEEV) traded up 0.29% during mid-day trading on Friday, hitting $59.63. 1,490,485 shares of the stock were exchanged. Veeva Systems has a 52-week low of $32.61 and a 52-week high of $68.07. The stock has a 50 day moving average of $59.71 and a 200-day moving average of $49.17. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 96.02 and a beta of 1.63.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, May 25th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.04. The firm had revenue of $157.90 million during the quarter, compared to the consensus estimate of $151.82 million. Veeva Systems had a net margin of 15.86% and a return on equity of 12.28%. The business’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Equities analysts predict that Veeva Systems will post $0.83 EPS for the current fiscal year.
Several research analysts have commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $70.00 price objective (up from $48.00) on shares of Veeva Systems in a report on Friday, May 26th. BidaskClub lowered shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus upped their price objective on shares of Veeva Systems from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Saturday, May 27th. Pacific Crest restated an “overweight” rating and issued a $70.00 price objective (up from $61.00) on shares of Veeva Systems in a report on Sunday, May 28th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $55.00 price objective on shares of Veeva Systems in a report on Tuesday, May 30th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Veeva Systems currently has a consensus rating of “Buy” and a consensus price target of $62.00.
TRADEMARK VIOLATION WARNING: “Somewhat Critical Press Coverage Very Likely to Affect Veeva Systems (VEEV) Share Price” was posted by WKRB News and is owned by of WKRB News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.wkrb13.com/markets/2230395/somewhat-critical-press-coverage-very-likely-to-affect-veeva-systems-veev-share-price.html.
In other Veeva Systems news, EVP Alan Mateo sold 63,433 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $49.90, for a total value of $3,165,306.70. Following the completion of the transaction, the executive vice president now directly owns 70,162 shares in the company, valued at $3,501,083.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eleni Nitsa Zuppas sold 2,924 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $66.78, for a total transaction of $195,264.72. Following the completion of the transaction, the insider now owns 7,028 shares of the company’s stock, valued at $469,329.84. The disclosure for this sale can be found here. Insiders sold 349,038 shares of company stock valued at $19,808,510 over the last quarter. 19.17% of the stock is currently owned by corporate insiders.
About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230395/somewhat-critical-press-coverage-very-likely-to-affect-veeva-systems-veev-share-price.html
Receive News & Ratings for Veeva Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.