NV5 Global, Inc. (NASDAQ:NVEE) CFO Sells $69,509.60 in Stock

NV5 Global, Inc. (NASDAQ:NVEE) CFO Edward H. Codispoti sold 760 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction of $69,509.60. Following the sale, the chief financial officer now owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NV5 Global Trading Down 2.0 %

Shares of NASDAQ:NVEE opened at $90.05 on Friday. The business’s 50 day simple moving average is $93.49 and its 200 day simple moving average is $100.45. NV5 Global, Inc. has a 1 year low of $88.56 and a 1 year high of $119.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $1.45 billion, a P/E ratio of 35.59, a P/E/G ratio of 1.21 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The company had revenue of $213.40 million for the quarter, compared to analyst estimates of $208.42 million. During the same period last year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts anticipate that NV5 Global, Inc. will post 5.04 EPS for the current fiscal year.

Institutional Trading of NV5 Global

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB bought a new position in NV5 Global in the first quarter valued at approximately $19,602,000. American Century Companies Inc. increased its stake in shares of NV5 Global by 86.2% in the 3rd quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock valued at $32,685,000 after purchasing an additional 157,256 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of NV5 Global during the 4th quarter worth $13,890,000. Vanguard Group Inc. lifted its position in shares of NV5 Global by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after buying an additional 35,291 shares during the last quarter. Finally, Fred Alger Management LLC boosted its stake in NV5 Global by 123.0% in the third quarter. Fred Alger Management LLC now owns 37,684 shares of the business services provider’s stock valued at $3,626,000 after buying an additional 20,789 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

Analyst Ratings Changes

NVEE has been the topic of a number of recent research reports. TheStreet lowered NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Roth Mkm restated a “buy” rating and issued a $128.00 price target (up from $121.00) on shares of NV5 Global in a research note on Thursday, May 9th.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.