NV5 Global (NASDAQ:NVEE) CFO Michael P. Rama sold 2,049 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $60.39, for a total transaction of $123,739.11. Following the completion of the sale, the chief financial officer now directly owns 30,749 shares of the company’s stock, valued at approximately $1,856,932.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NVEE traded up $0.10 during midday trading on Thursday, hitting $60.00. The company had a trading volume of 152 shares, compared to its average volume of 83,687. The company has a market capitalization of $659.27 million, a P/E ratio of 25.02, a PEG ratio of 0.96 and a beta of 1.05. NV5 Global has a 52 week low of $35.35 and a 52 week high of $71.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.46 and a current ratio of 2.46.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, May 3rd. The business services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. NV5 Global had a net margin of 7.16% and a return on equity of 16.39%. The company had revenue of $94.53 million during the quarter, compared to the consensus estimate of $92.05 million. sell-side analysts expect that NV5 Global will post 3.12 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of NV5 Global by 6,792.0% in the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock valued at $187,000 after buying an additional 3,396 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of NV5 Global in the 4th quarter valued at about $215,000. Cue Financial Group Inc. acquired a new position in shares of NV5 Global in the 4th quarter valued at about $312,000. Victory Capital Management Inc. boosted its holdings in shares of NV5 Global by 56.9% in the 1st quarter. Victory Capital Management Inc. now owns 6,210 shares of the business services provider’s stock valued at $346,000 after buying an additional 2,253 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of NV5 Global by 264.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,149 shares of the business services provider’s stock valued at $441,000 after buying an additional 5,910 shares during the period. 56.98% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. Lake Street Capital reissued a “buy” rating and issued a $76.00 target price on shares of NV5 Global in a research report on Friday, May 4th. Roth Capital boosted their target price on shares of NV5 Global from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. BidaskClub raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Saturday, March 17th. Finally, Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research report on Wednesday, March 14th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. NV5 Global presently has an average rating of “Buy” and a consensus target price of $62.80.
NV5 Global Company Profile
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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