NV5 Global (NASDAQ:NVEE) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of NV5 Global (NASDAQ:NVEE – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the business services provider’s stock.

Separately, Robert W. Baird dropped their price target on NV5 Global from $150.00 to $130.00 and set a neutral rating on the stock in a research note on Friday, February 24th.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $100.83 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.81 and a current ratio of 1.81. NV5 Global has a fifty-two week low of $95.51 and a fifty-two week high of $154.97. The firm has a market capitalization of $1.57 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. The stock’s 50-day simple moving average is $123.69 and its 200-day simple moving average is $132.30.

Insider Buying and Selling

In related news, CEO Dickerson Wright sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $128.25, for a total transaction of $1,282,500.00. Following the transaction, the chief executive officer now owns 476,229 shares in the company, valued at approximately $61,076,369.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NVEE. BlackRock Inc. grew its stake in shares of NV5 Global by 3.0% in the 3rd quarter. BlackRock Inc. now owns 2,066,711 shares of the business services provider’s stock valued at $255,900,000 after purchasing an additional 59,732 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NV5 Global by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 837,605 shares of the business services provider’s stock valued at $103,712,000 after purchasing an additional 23,729 shares during the last quarter. FMR LLC grew its stake in shares of NV5 Global by 6.2% in the 2nd quarter. FMR LLC now owns 690,332 shares of the business services provider’s stock valued at $80,589,000 after purchasing an additional 40,048 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NV5 Global by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 463,915 shares of the business services provider’s stock valued at $57,440,000 after purchasing an additional 3,452 shares during the last quarter. Finally, State Street Corp grew its stake in shares of NV5 Global by 2.8% in the 3rd quarter. State Street Corp now owns 429,856 shares of the business services provider’s stock valued at $53,225,000 after purchasing an additional 11,812 shares during the last quarter. Hedge funds and other institutional investors own 65.33% of the company’s stock.

About NV5 Global

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NV5 Global, Inc engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.