How Many Veeva Systems Inc. (NYSE:VEEV)’s Analysts Are Bearish?

Veeva Systems Inc. (NYSE:VEEV) Logo
Investors sentiment decreased to 1.25 in 2019 Q2. Its down 0.48, from 1.73 in 2019Q1. It dropped, as 29 investors sold Veeva Systems Inc. shares while 154 reduced holdings. 94 funds opened positions while 135 raised stakes. 108.92 million shares or 0.04% less from 108.97 million shares in 2019Q1 were reported.
Nuveen Asset Management Limited Liability Corporation has invested 0.06% in Veeva Systems Inc. (NYSE:VEEV). Arizona State Retirement owns 16,245 shares for 0.03% of their portfolio. Thompson Siegel & Walmsley Ltd Com invested 0.01% in Veeva Systems Inc. (NYSE:VEEV). Lord Abbett Ltd invested in 0.29% or 547,288 shares. Envestnet Asset Mgmt invested in 0.03% or 145,962 shares. Pinebridge Invests Limited Partnership owns 0.29% invested in Veeva Systems Inc. (NYSE:VEEV) for 108,298 shares. Biondo Inv Advsrs Limited Com owns 2,000 shares. De Burlo Inc reported 81,150 shares or 2.57% of all its holdings. Bluestein R H Communications has invested 0.02% in Veeva Systems Inc. (NYSE:VEEV). Moreover, Bnp Paribas Arbitrage has 0% invested in Veeva Systems Inc. (NYSE:VEEV). Cibc Ww invested in 30,220 shares. Champlain Inv Prns Limited Liability holds 1.3% or 956,850 shares. Carroll Finance Associate Inc reported 249 shares. Bancorporation Of Ny Mellon reported 0.03% stake. The Japan-based Asset One Co has invested 0.07% in Veeva Systems Inc. (NYSE:VEEV).

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 16 analysts covering Veeva Systems Inc. Class A Common Stock (NYSE:VEEV), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Veeva Systems Inc. Class A Common Stock has $20000 highest and $10300 lowest target. $174.38’s average target is 14.69% above currents $152.04 stock price. Veeva Systems Inc. Class A Common Stock had 26 analyst reports since May 22, 2019 according to SRatingsIntel. Needham maintained the shares of VEEV in report on Wednesday, August 28 with “Buy” rating. Stephens maintained Veeva Systems Inc. (NYSE:VEEV) rating on Wednesday, August 28. Stephens has “Overweight” rating and $18500 target. The firm has “Buy” rating given on Wednesday, August 28 by SunTrust. The stock has “Market Outperform” rating by JMP Securities on Thursday, May 30. The firm earned “Buy” rating on Monday, June 10 by Bank of America. As per Thursday, October 3, the company rating was maintained by Morgan Stanley. As per Thursday, May 30, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, September 23. On Wednesday, August 28 the stock rating was maintained by Canaccord Genuity with “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $15000 target in Wednesday, May 22 report. Below is a list of Veeva Systems Inc. (NYSE:VEEV) latest ratings and price target changes.

03/10/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $154.0000 New Target: $150.0000 Maintain
26/09/2019 Broker: Raymond James Old Rating: Market Perform New Rating: Outperform New Target: $180.0000 Upgrade
23/09/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $152.0000 New Target: $154.0000 Maintain
28/08/2019 Broker: Stephens Rating: Overweight Old Target: $155.0000 New Target: $185.0000 Maintain
28/08/2019 Broker: SunTrust Rating: Buy Old Target: $150.0000 New Target: $180.0000 Maintain
28/08/2019 Broker: DA Davidson Rating: Buy Old Target: $165.0000 New Target: $200.0000 Maintain
28/08/2019 Broker: Needham Rating: Buy Old Target: $150.0000 New Target: $187.0000 Maintain
28/08/2019 Broker: JP Morgan Rating: Neutral Old Target: $150.0000 New Target: $183.0000 Maintain
28/08/2019 Broker: Guggenheim Rating: Buy Old Target: $154.0000 New Target: $180.0000 Maintain
28/08/2019 Broker: Canaccord Genuity Rating: Hold Old Target: $135.0000 New Target: $155.0000 Maintain

The stock increased 1.16% or $1.75 during the last trading session, reaching $152.04. About 984,771 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 120.73% since October 12, 2018 and is uptrending. It has outperformed by 120.73% the S&P500.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $22.50 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 83.58 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

More notable recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Finance.Yahoo.com which released: “Why Veeva Systems Inc. (NYSE:VEEV) Looks Like A Quality Company – Yahoo Finance” on October 02, 2019, also Fool.com with their article: “Why Veeva Systems Deserves Its Premium Valuation – Motley Fool” published on August 29, 2019, Finance.Yahoo.com published: “Here is What Hedge Funds Think About PACCAR Inc (PCAR) – Yahoo Finance” on October 10, 2019. More interesting news about Veeva Systems Inc. (NYSE:VEEV) were released by: Seekingalpha.com and their article: “Veeva Systems Q2 2020 Earnings Preview – Seeking Alpha” published on August 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Does Veeva Systems (NYSE:VEEV) Deserve A Spot On Your Watchlist? – Yahoo Finance” with publication date: May 15, 2019.

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.