NV5 Global (NVEE) Downgraded to Hold at BidaskClub

NV5 Global (NASDAQ:NVEE) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday, January 4th.

Several other research firms also recently weighed in on NVEE. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seaport Global Securities reaffirmed a “buy” rating and set a $61.00 price objective (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Lake Street Capital boosted their price objective on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Roth Capital boosted their price target on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $58.00.

NV5 Global (NASDAQ:NVEE) opened at $53.45 on Thursday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a 12-month low of $33.60 and a 12-month high of $58.95. The firm has a market cap of $576.49, a PE ratio of 36.11, a P/E/G ratio of 0.96 and a beta of 1.83.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $91.26 million for 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%. research analysts predict that NV5 Global will post 2.34 EPS for the current fiscal year.

In related news, Director Tardan Francois sold 3,684 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the completion of the sale, the director now directly owns 4,465 shares in the company, valued at approximately $227,625.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael P. Rama sold 1,800 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $55.20, for a total transaction of $99,360.00. Following the completion of the transaction, the chief financial officer now owns 29,949 shares of the company’s stock, valued at $1,653,184.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,684 shares of company stock valued at $405,970 over the last quarter. 26.00% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in NV5 Global by 123.5% during the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 1,623 shares during the last quarter. Victory Capital Management Inc. lifted its stake in NV5 Global by 536.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 3,088 shares during the period. Simplex Trading LLC lifted its stake in NV5 Global by 1,972.5% during the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 3,807 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in NV5 Global by 512.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 4,100 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 126 shares during the period. 56.21% of the stock is currently owned by hedge funds and other institutional investors.

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About NV5 Global

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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