Zacks Investment Research upgraded shares of NV5 (NASDAQ:NVEE) from a hold rating to a strong-buy rating in a research report report published on Wednesday, March 14th. Zacks Investment Research currently has $62.00 price target on the business services provider’s stock.
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. “
Separately, BidaskClub cut NV5 from a buy rating to a hold rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $58.80.
NV5 stock traded down $1.30 during midday trading on Wednesday, reaching $56.25. The company’s stock had a trading volume of 61,458 shares, compared to its average volume of 83,477. The company has a market cap of $623.91, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.33 and a current ratio of 2.33. NV5 has a fifty-two week low of $35.35 and a fifty-two week high of $58.95.
NV5 (NASDAQ:NVEE) last announced its earnings results on Thursday, March 8th. The business services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. NV5 had a net margin of 7.21% and a return on equity of 15.89%. The firm had revenue of $93.98 million during the quarter, compared to the consensus estimate of $96.35 million. sell-side analysts predict that NV5 will post 3.07 EPS for the current year.
In other news, Chairman Dickerson Wright sold 10,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $54.51, for a total transaction of $545,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Maryjo O’brien sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $55.07, for a total value of $137,675.00. Following the sale, the vice president now owns 69,147 shares of the company’s stock, valued at approximately $3,807,925.29. The disclosure for this sale can be found here. 26.00% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in NVEE. EAM Investors LLC lifted its position in NV5 by 225.7% during the 3rd quarter. EAM Investors LLC now owns 97,378 shares of the business services provider’s stock worth $5,322,000 after acquiring an additional 67,484 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of NV5 in the 4th quarter valued at approximately $3,475,000. Dimensional Fund Advisors LP raised its position in shares of NV5 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. Pier Capital LLC raised its position in shares of NV5 by 29.1% in the 4th quarter. Pier Capital LLC now owns 162,926 shares of the business services provider’s stock valued at $8,822,000 after purchasing an additional 36,731 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of NV5 by 7.9% in the 4th quarter. BlackRock Inc. now owns 499,608 shares of the business services provider’s stock valued at $27,054,000 after purchasing an additional 36,511 shares in the last quarter. 56.21% of the stock is currently owned by hedge funds and other institutional investors.
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NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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