NV5 Global Inc (NASDAQ:NVEE) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $58.00.
A number of equities research analysts have weighed in on NVEE shares. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Saturday, January 6th. Seaport Global Securities reiterated a “buy” rating and set a $61.00 price target (up from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. BidaskClub upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Lake Street Capital lifted their price target on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, Roth Capital lifted their price target on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, November 9th.
In other news, Director Tardan Francois sold 3,684 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $187,810.32. Following the completion of the transaction, the director now owns 4,465 shares of the company’s stock, valued at $227,625.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. In the last three months, insiders sold 7,684 shares of company stock valued at $405,970. Insiders own 26.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of NV5 Global by 123.5% in the third 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 period. Victory Capital Management Inc. boosted its stake in shares of NV5 Global by 536.1% in the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 3,088 shares during the period. Wells Fargo & Company MN boosted its stake in shares of NV5 Global by 2.5% in the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 126 shares during the period. Simplex Trading LLC boosted its stake in shares of NV5 Global by 1,972.5% in the third quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 3,807 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of NV5 Global in the second quarter valued at approximately $238,000. 56.16% of the stock is owned by institutional investors and hedge funds.
Shares of NV5 Global (NASDAQ NVEE) traded down $1.75 on Friday, hitting $46.95. 130,862 shares of the company’s stock were exchanged, compared to its average volume of 59,257. NV5 Global has a 1-year low of $34.25 and a 1-year high of $58.95. The firm has a market capitalization of $506.38, a PE ratio of 31.72, a PEG ratio of 0.90 and a beta of 1.83. 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 (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. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. The business had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million. equities analysts forecast that NV5 Global will post 2.34 earnings per share for the current year.
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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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