How to Buy Veeva Systems Stock
Veeva Systems Inc
Veeva Systems is a health information service company located in California, United States, which is part of the Healthcare sector, and is traded under the ticker VEEV on the NYSE exchange.
Veeva Systems stock last closed at $200.52, down 0.29% from the previous day, and has increased 7.6% in one year. It has overperformed other stocks in the Health Information Services industry by 0.35 percentage points. Veeva Systems stock is currently +25.16% from its 52-week low of $160.21, and -15.36% from its 52-week high of $236.90.
At the moment, there are 161.32M VEEV shares outstanding. The market value of VEEV is $32.35B. In the past 24 hours, 538,480 VEEV shares were traded.
How to Buy Veeva Systems Stock
Not sure how to invest in Veeva Systems stock? Here's how.
- Figure out where to buy Veeva Systems stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Veeva Systems stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your method of payment and add your info.
- Evaluate Veeva Systems stock: The Veeva Systems ticker symbol is VEEV. Is Veeva Systems stock a good investment? Should you buy shares of VEEV? How do VEEV's underlying business fundamentals look? Do top analysts think Veeva Systems is a good buy? Why has VEEV's stock price moved recently? (Hint: Our stock research website can help you decide if VEEV is a good stock to buy).
- Execute your VEEV trade: Decide if you will purchase VEEV shares at the current market price or use a limit order to buy VEEV shares at a particular price.
- Get updates on your investment in VEEV: Create a watchlist to get live updates on your investment in Veeva Systems shares.
Step 1: Figure out where to buy Veeva Systems stock
You need a brokerage account to access the NYSE market and buy VEEV shares.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. eToro gives you:
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Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you can buy VEEV today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the best stock market app, you can securely and quickly fund your account:
Watch the video below to see the process of depositing funds into your new investment account.
Step 4: Evaluate Veeva Systems stock
Once you have chosen the best place to buy Veeva Systems stock, it's important to research their stock before you invest, so you truly wrap your head around the risk as well as the upside.
Veeva Systems shares quick numbers
Fundamentals of Veeva Systems
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis.
You can view all of the due diligence checks on VEEV's stock page.
Is VEEV stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge VEEV's fair value.
Using relative valuations methods:
- VEEV could be undervalued based on its P/E ratio of 61.32x, relative to Health Information Services industry P/E ratio of 72.14x
- VEEV may be overvalued based on its P/B ratio of 6.96x, relative to Health Information Services industry P/B ratio of 3.39x
- VEEV may be overvalued based on its PEG ratio of 2.55x
You can do more valuation research on VEEV's stock here.
A look at VEEV Cashflows and Balance Sheet
Positive Health Checks:
- VEEV's operating cash flow of $911.34M allows it to safely service it's debt of $55.78M.
- VEEV has a low debt to equity ratio of 0.27.
- Total VEEV debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the VEEV balance sheet.
- VEEV earnings of $588.02M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the VEEV balance sheet.
Negative Health Checks:
- VEEV profit margin has gone down from 22.6% to 22.2% in the past year.
Is VEEV stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 18 sell side analysts who give recommendations on VEEV, the consensus analyst rating on VEEV is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent VEEV Analyst Recommendations
Scott Schoenhaus, a bottom 7% analyst from KeyBanc maintains VEEV with a strong buy rating and raises their VEEV price target from $232.00 to $250.00, on Mar 5, 2024.
David Windley, a top 12% analyst from Jefferies maintains VEEV with a strong buy rating and raises their VEEV price target from $225.00 to $270.00, on Mar 4, 2024.
Joe Vruwink, a top 6% analyst from Baird maintains VEEV with a buy rating and raises their VEEV price target from $245.00 to $251.00, on Mar 1, 2024.
Tyler Radke, a top 10% analyst from Citigroup maintains VEEV with a strong buy rating and raises their VEEV price target from $240.00 to $264.00, on Mar 1, 2024.
Gabriela Borges, a top 17% analyst from Goldman Sachs maintains VEEV with a strong buy rating and raises their VEEV price target from $219.00 to $248.00, on Mar 1, 2024.
You can dive deeper into what analysts are saying on the Veeva Systems stock forecast page.
VEEV Momentum
VEEV Growth Metrics
Last year, VEEV earnings were $525.71M. During the last 5 year, VEEV's earnings have gone up by 15.51% per year. This was faster than the Health Information Services industry average of -5.57%.
Last year, VEEV revenue was $2.36B. In the last 5 year, VEEV's revenue has grown by 22.35% per year. This was faster than the Health Information Services industry average of 19.73%.
Learn more about VEEV's earnings and revenue performance here.
Are VEEV executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at VEEV have sold more shares than they have bought.
Alan Mateo, EVP Global Sales of VEEV, was the latest VEEV insider to sell. They sold $681,116.26 worth of VEEV shares on Apr 23, 2024.
Learn more about who owns VEEV stock here.
Does VEEV stock generate passive income?
No, Veeva Systems doesn't provide an income stream by paying out dividends.
VEEV Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your VEEV trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Hit the Open button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in VEEV
Now that you own some VEEV stock, you'll want to keep up with your shares.
Start a watchlist to track the most important metrics related to your VEEV stock.
VEEV Feed
How to Buy Stock in Veeva Systems
To reiterate, here are the 6 steps to buy stock in Veeva Systems:
- Figure out where to buy Veeva Systems stock
- Open a brokerage account
- Fund your investment account
- Evaluate Veeva Systems stock
- Execute your VEEV trade
- Get updates on your investment in VEEV
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Veeva Systems, get started below.
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