NV5 Global Inc (NASDAQ:NVEE) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One investment 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. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $58.00.
A number of brokerages have recently commented on NVEE. BidaskClub lowered shares of NV5 Global from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Saturday, January 6th. Lake Street Capital increased their price target on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Roth Capital increased their price target 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.
Shares of NV5 Global (NASDAQ:NVEE) traded up $0.85 during trading hours on Tuesday, hitting $45.70. 83,936 shares of the stock were exchanged, compared to its average volume of 88,710. The company has a market cap of $492.92, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. NV5 Global has a 1 year low of $34.25 and a 1 year high of $58.95. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41.
In other news, CFO Michael P. Rama sold 1,800 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 29,949 shares of the company’s stock, valued at approximately $1,653,184.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Tong sold 2,200 shares of the company’s stock in a transaction 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. 26.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $22,522,000 after purchasing an additional 63,889 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of NV5 Global during the 3rd quarter valued at $547,000. Ameriprise Financial Inc. bought a new stake in shares of NV5 Global during the 3rd quarter valued at $1,453,000. Bank of New York Mellon Corp raised its position in shares of NV5 Global by 65.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 50,283 shares of the business services provider’s stock valued at $2,748,000 after acquiring an additional 19,927 shares during the last quarter. Finally, EAM Investors LLC raised its position in shares of NV5 Global by 225.7% during the 3rd quarter. EAM Investors LLC now owns 97,378 shares of the business services provider’s stock valued at $5,322,000 after acquiring an additional 67,484 shares during the last quarter. 55.06% 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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