NV5 Global (NVEE) Now Covered by Maxim Group

Maxim Group started coverage on shares of NV5 Global (NASDAQ:NVEE) in a research note published on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $110.00 target price on the business services provider’s stock.

A number of other equities research analysts also recently commented on NVEE. Zacks Investment Research downgraded shares of NV5 Global from a buy rating to a hold rating in a research report on Tuesday, July 10th. Roth Capital raised their price objective on shares of NV5 Global from $70.00 to $90.00 and gave the company a buy rating in a research report on Friday, August 3rd. Lake Street Capital raised their price objective on shares of NV5 Global to $98.00 and gave the company a buy rating in a research report on Friday, August 3rd. Seaport Global Securities restated a buy rating and issued a $95.00 price objective on shares of NV5 Global in a research report on Monday, August 6th. Finally, ValuEngine upgraded shares of NV5 Global from a buy rating to a strong-buy rating in a research report on Wednesday, August 8th. Eight equities research analysts have rated the stock with a buy rating, NV5 Global has a consensus rating of Buy and a consensus price target of $97.50.

Shares of NASDAQ:NVEE opened at $83.54 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.48 and a quick ratio of 2.48. The stock has a market capitalization of $939.73 million, a P/E ratio of 35.10, a PEG ratio of 1.19 and a beta of 1.31. NV5 Global has a 52 week low of $40.01 and a 52 week high of $92.75.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.10. The firm had revenue of $104.02 million during the quarter, compared to the consensus estimate of $101.45 million. NV5 Global had a net margin of 7.64% and a return on equity of 17.69%. On average, sell-side analysts anticipate that NV5 Global will post 3.19 earnings per share for the current fiscal year.

In other NV5 Global news, COO Alexander A. Hockman sold 10,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $82.73, for a total value of $827,300.00. Following the completion of the transaction, the chief operating officer now directly owns 255,183 shares of the company’s stock, valued at $21,111,289.59. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dickerson Wright sold 190,500 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $79.00, for a total transaction of $15,049,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,645 shares of company stock valued at $15,972,408. 26.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in NV5 Global by 12.8% in the second quarter. BlackRock Inc. now owns 562,901 shares of the business services provider’s stock valued at $39,009,000 after buying an additional 64,023 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NV5 Global by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 507,591 shares of the business services provider’s stock worth $35,176,000 after purchasing an additional 23,833 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of NV5 Global by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 457,789 shares of the business services provider’s stock worth $39,691,000 after purchasing an additional 6,100 shares in the last quarter. Emerald Advisers Inc. PA increased its stake in shares of NV5 Global by 16.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 283,460 shares of the business services provider’s stock worth $19,644,000 after purchasing an additional 40,140 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of NV5 Global by 13.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 244,826 shares of the business services provider’s stock worth $21,226,000 after purchasing an additional 28,500 shares in the last quarter. 53.14% of the stock is owned by institutional investors.

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.

Featured Story: Asset Allocation and Your Retirement

Analyst Recommendations for NV5 Global (NASDAQ:NVEE)

Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply