Scotiabank Estimates Veeva Systems FY2025 Earnings

Veeva Systems Inc. (NYSE:VEEV) – Equities research analysts at Scotiabank issued their FY2025 earnings estimates for shares of Veeva Systems in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Verkhovski forecasts that the technology company will earn $4.32 per share for the year. Scotiabank has a “Sector Perform” rating and a $240.00 price objective on the stock. The consensus estimate for Veeva Systems’ current full-year earnings is $4.31 per share. Scotiabank also issued estimates for Veeva Systems’ FY2026 earnings at $4.54 EPS.

A number of other equities analysts have also weighed in on the company. Guggenheim upped their target price on Veeva Systems from $233.00 to $249.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Canaccord Genuity Group raised their target price on shares of Veeva Systems from $210.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their price target on shares of Veeva Systems from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. KeyCorp lowered their price objective on shares of Veeva Systems from $285.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Bank of America upped their target price on shares of Veeva Systems from $280.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.74.

Veeva Systems Stock Performance

Veeva Systems stock opened at $210.81 on Monday. The stock has a market cap of $34.23 billion, a P/E ratio of 52.05, a PEG ratio of 2.03 and a beta of 0.84. Veeva Systems has a fifty-two week low of $170.25 and a fifty-two week high of $258.93. The firm’s fifty day moving average price is $222.94 and its 200-day moving average price is $209.17.

Hedge Funds Weigh In On Veeva Systems

Large investors have recently modified their holdings of the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Veeva Systems in the third quarter worth about $26,000. True Wealth Design LLC raised its holdings in Veeva Systems by 3,375.0% in the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock worth $29,000 after acquiring an additional 135 shares during the last quarter. Fairscale Capital LLC bought a new position in Veeva Systems in the 2nd quarter valued at approximately $46,000. Harvest Fund Management Co. Ltd bought a new position in Veeva Systems in the 3rd quarter valued at approximately $49,000. Finally, Quent Capital LLC boosted its stake in Veeva Systems by 794.1% during the 3rd quarter. Quent Capital LLC now owns 304 shares of the technology company’s stock valued at $64,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Jonathan Faddis sold 1,694 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total transaction of $390,128.20. Following the completion of the transaction, the senior vice president now owns 8,061 shares of the company’s stock, valued at $1,856,448.30. This trade represents a 17.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas D. Schwenger sold 1,126 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $240.01, for a total value of $270,251.26. Following the completion of the sale, the insider now directly owns 27,013 shares in the company, valued at $6,483,390.13. This trade represents a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.