NV5 Global (NASDAQ:NVEE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, January 5th.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Lake Street Capital raised their target price on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Roth Capital raised their target price on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Seaport Global Securities restated a “buy” rating and set a $61.00 target price (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Finally, ValuEngine upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $58.00.
Shares of NV5 Global (NASDAQ NVEE) traded down $0.85 during trading hours on Friday, hitting $53.25. 31,433 shares of the company were exchanged, compared to its average volume of 36,907. The firm has a market cap of $583.50, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a 1-year low of $33.86 and a 1-year high of $58.95.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $91.26 million for the quarter, compared to the consensus estimate of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. equities analysts anticipate that NV5 Global will post 2.34 earnings per share for the current year.
In other news, VP Richard Tong sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total transaction of $118,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tardan Francois sold 3,684 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $50.98, for a total transaction of $187,810.32. Following the transaction, the director now directly owns 4,465 shares of the company’s stock, valued at $227,625.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,684 shares of company stock worth $405,970 over the last 90 days. Corporate insiders own 26.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of NVEE. Rhumbline Advisers grew its stake in shares of NV5 Global by 11.2% during the 2nd quarter. Rhumbline Advisers now owns 8,631 shares of the business services provider’s stock worth $367,000 after acquiring an additional 870 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of NV5 Global by 16.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock worth $1,290,000 after acquiring an additional 4,340 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of NV5 Global during the 2nd quarter worth approximately $1,190,000. Thompson Siegel & Walmsley LLC grew its stake in shares of 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 worth $208,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of 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 worth $216,000 after acquiring an additional 126 shares in the last quarter. 56.21% of the stock is owned by institutional investors.
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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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