Veeva Systems (NYSE:VEEV) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Veeva Systems (NYSE:VEEV) in a research note issued to investors on Tuesday morning. The firm issued a sell rating and a $215.00 target price on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th. Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $355.00 price target on shares of Veeva Systems in a report on Friday, November 21st. William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Finally, TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $297.00 to $380.00 in a research report on Tuesday, October 7th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $308.04.

Veeva Systems Trading Up 0.1%

NYSE VEEV opened at $219.13 on Tuesday. The company has a market cap of $36.02 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 1.62 and a beta of 1.07. The company has a 50 day moving average of $241.49 and a 200-day moving average of $269.53. Veeva Systems has a 1-year low of $201.54 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. The business had revenue of $0.81 million for the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, equities research analysts forecast that Veeva Systems will post 4.35 earnings per share for the current year.

Veeva Systems announced that its board has authorized a share repurchase program on Monday, January 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the transaction, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

Several large investors have recently modified their holdings of VEEV. GPS Wealth Strategies Group LLC increased its holdings in Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after purchasing an additional 55 shares during the period. Board of the Pension Protection Fund bought a new position in shares of Veeva Systems during the fourth quarter worth about $27,000. Raiffeisen Bank International AG bought a new position in shares of Veeva Systems during the third quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems in the second quarter worth approximately $29,000. Finally, OLD Second National Bank of Aurora bought a new stake in Veeva Systems in the third quarter valued at approximately $30,000. Institutional investors own 88.20% of the company’s stock.

About Veeva Systems

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.