NV5 Global Inc (NASDAQ:NVEE) CFO Michael P. Rama sold 1,800 shares of NV5 Global stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $55.20, for a total value of $99,360.00. Following the sale, the chief financial officer now directly owns 29,949 shares in the company, valued at approximately $1,653,184.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NV5 Global Inc (NASDAQ:NVEE) traded down $1.45 during mid-day trading on Thursday, hitting $51.25. 48,509 shares of the company traded hands, compared to its average volume of 53,897. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54. NV5 Global Inc has a 1-year low of $33.10 and a 1-year high of $58.95. The firm has a market cap of $572.18, a price-to-earnings ratio of 24.79, a PEG ratio of 1.14 and a beta of 1.38.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $91.26 million during the quarter, compared to analyst estimates of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. sell-side analysts anticipate that NV5 Global Inc will post 2.34 earnings per share for the current fiscal year.
Several research firms have issued reports on NVEE. ValuEngine lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Lake Street Capital raised their price objective on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Seaport Global Securities reissued a “buy” rating and set a $61.00 target price (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Finally, Roth Capital lifted their target price on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. NV5 Global has an average rating of “Buy” and an average price target of $58.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pier Capital LLC raised its holdings in NV5 Global by 8.3% in the 3rd quarter. Pier Capital LLC now owns 126,195 shares of the business services provider’s stock worth $6,897,000 after acquiring an additional 9,635 shares during the period. Dimensional Fund Advisors LP raised its holdings in NV5 Global by 18.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock worth $22,522,000 after acquiring an additional 63,889 shares during the period. Wells Fargo & Company MN raised its holdings in NV5 Global by 66.6% in the 3rd quarter. Wells Fargo & Company MN now owns 8,467 shares of the business services provider’s stock worth $463,000 after acquiring an additional 3,384 shares during the period. Cadence Capital Management LLC raised its holdings in NV5 Global by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 38,084 shares of the business services provider’s stock worth $2,081,000 after acquiring an additional 1,847 shares during the period. Finally, Axiom International Investors LLC DE raised its holdings in NV5 Global by 2.0% in the 3rd quarter. Axiom International Investors LLC DE now owns 82,957 shares of the business services provider’s stock worth $4,534,000 after acquiring an additional 1,590 shares during the period. Hedge funds and other institutional investors own 56.21% of the company’s stock.
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NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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