NV5 Global Inc (NASDAQ:NVEE) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $90.33.
NVEE has been the subject of several recent research reports. Zacks Investment Research lowered NV5 Global from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. BidaskClub lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Roth Capital lowered their target price on NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, August 8th.
Shares of NASDAQ:NVEE traded up $0.35 during trading on Monday, hitting $69.77. 77,400 shares of the company traded hands, compared to its average volume of 117,323. The stock has a market capitalization of $892.61 million, a price-to-earnings ratio of 21.53, a PEG ratio of 0.92 and a beta of 1.44. The business’s fifty day moving average is $67.74 and its 200-day moving average is $71.55. NV5 Global has a one year low of $51.46 and a one year high of $96.70. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.20.
NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The company had revenue of $127.97 million during the quarter, compared to analyst estimates of $127.57 million. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. On average, analysts forecast that NV5 Global will post 3.8 EPS for the current year.
In other news, VP Richard Tong sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $78.74, for a total transaction of $157,480.00. Following the completion of the transaction, the vice president now directly owns 34,588 shares in the company, valued at $2,723,459.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Alexander A. Hockman sold 6,464 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $79.30, for a total value of $512,595.20. Following the transaction, the chief operating officer now owns 204,716 shares of the company’s stock, valued at $16,233,978.80. The disclosure for this sale can be found here. Insiders have sold 9,711 shares of company stock valued at $763,089 over the last ninety days. Corporate insiders own 19.62% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of NV5 Global during the second quarter worth approximately $32,000. Tower Research Capital LLC TRC acquired a new position in shares of NV5 Global during the second quarter worth approximately $44,000. Bank of Montreal Can boosted its position in shares of NV5 Global by 1,050.6% during the second quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock worth $76,000 after buying an additional 851 shares during the period. Advisor Group Inc. boosted its position in shares of NV5 Global by 49.2% during the second quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after buying an additional 323 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in shares of NV5 Global during the third quarter worth approximately $89,000. Institutional investors and hedge funds own 61.15% of the company’s stock.
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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