NV5 Global (NASDAQ:NVEE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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. “
NVEE has been the subject of a number of other research reports. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Lake Street Capital upped their price target on NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Seaport Global Securities reaffirmed a “buy” rating and issued a $61.00 target price (up from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. Finally, Roth Capital upped their target price on NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. NV5 Global presently has a consensus rating of “Hold” and a consensus price target of $58.00.
NV5 Global (NVEE) traded down $0.50 during midday trading on Friday, hitting $47.45. 46,131 shares of the stock were exchanged, compared to its average volume of 59,422. NV5 Global has a one year low of $34.25 and a one year high of $58.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a market cap of $517.17, a P/E ratio of 32.28, a P/E/G ratio of 0.88 and a beta of 1.38.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.05. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. The business had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million. analysts expect 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 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 sale, the director now directly owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael P. Rama sold 1,800 shares of the company’s 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 $1,653,184.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,684 shares of company stock worth $405,970. Corporate insiders own 26.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NVEE. Rhumbline Advisers boosted its stake in NV5 Global by 11.2% during the second quarter. Rhumbline Advisers now owns 8,631 shares of the business services provider’s stock valued at $367,000 after buying an additional 870 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in NV5 Global by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock valued at $1,290,000 after buying an additional 4,340 shares in the last quarter. Marshall Wace North America L.P. bought a new position in NV5 Global during the second quarter valued at about $1,190,000. Thompson Siegel & Walmsley LLC boosted its stake in NV5 Global by 512.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after buying an additional 4,100 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in NV5 Global by 2.5% during the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after buying an additional 126 shares in the last quarter. 56.16% of the stock is owned by 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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