Several hedge funds recently modified their holdings of the company. Also, SVP Jonathan Faddis sold 865 shares of the business’s stock in a transaction dated Friday, June 3rd. The company’s price sits 1.78% above from its 50-day moving average of $37.97 and 27.97% above from the stock’s 200-day moving average of $30.97.
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As of current trade, Veeva Systems Inc (NYSE:VEEV) has shown weekly downbeat performance of -5.21%. The Market Capitalization of the company stands at 5.08 Billion. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.09. The Pleasanton, California-based firm stated it had profit of 9 cents per share. The company reported the earnings of $0.15/Share in the last quarter where the estimated EPS by analysts was $0.13/share.
Net income and non-GAAP net income: Second quarter net income was $13.0 million, contrast to $13.4 million one year ago, a decrease of 3% year-over-year. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 15.4%. Needham & Company LLC reissued a buy rating and issued a $38.00 price target (up previously from $33.00) on shares of Veeva Systems in a report on Friday, May 27th.
Many analysts are providing their Estimated Earnings analysis for Veeva Systems Inc. and for the current quarter 12 analysts have projected that the stock could give an Average Earnings estimate of $0.14/share. Ameriprise Financial Inc. boosted its stake in shares of Veeva Systems by 113.8% in the fourth quarter.
Some buy side analysts are also providing their Analysis on Veeva Systems Inc., where 3 analysts have rated the stock as Strong buy, 5 analysts have given a Buy signal, 3 said it’s a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The stock exchanged hands with 3.32 million shares contrast to its average daily volume of 990,030 shares. Finally, DnB Asset Management AS increased its position in shares of Veeva Systems by 62.6% in the first quarter. 1 analysts assign “Sell” rating for the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.33.
Out of 10 analysts covering Veeva Systems (NYSE:VEEV), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”.
Revenues: Total revenues for the second quarter were $131.3 million, up from $98.1 million one year ago, an increase of 34% year-over-year.
“We believe that management remains prudently conservative and would expect the company to continue delivering nice upside to its billings guidance on a quarterly basis throughout the year”.
Net income per share and non-GAAP net income per share: For the second quarter, fully diluted net income per share was $0.09, compared to $0.09 one year ago, while non-GAAP fully diluted net income per share was $0.15, compared to $0.13 one year ago.
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Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Firm 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.
