NV5 Global’s (NVEE) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of NV5 Global (NASDAQ:NVEE) in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a $130.00 target price on the business services provider’s stock, up from their previous target price of $128.00.

NV5 Global Price Performance

Shares of NASDAQ NVEE traded down $1.77 during midday trading on Thursday, reaching $95.75. The company’s stock had a trading volume of 101,601 shares, compared to its average volume of 77,081. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $1.55 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.35 and a beta of 1.22. The business’s 50 day moving average price is $95.02 and its two-hundred day moving average price is $97.73. NV5 Global has a fifty-two week low of $88.26 and a fifty-two week high of $115.01.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. The company had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 EPS. On average, analysts forecast that NV5 Global will post 5.04 EPS for the current fiscal year.

Insider Transactions at NV5 Global

In other NV5 Global news, Director William D. Pruitt sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total transaction of $286,020.00. Following the sale, the director now owns 12,500 shares of the company’s stock, valued at $1,191,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Benjamin Heraud sold 1,222 shares of NV5 Global stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total transaction of $113,071.66. Following the transaction, the chief executive officer now owns 18,455 shares in the company, valued at $1,707,641.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William D. Pruitt sold 3,000 shares of NV5 Global stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $95.34, for a total value of $286,020.00. Following the transaction, the director now directly owns 12,500 shares in the company, valued at $1,191,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,123 shares of company stock valued at $763,857. 12.40% of the stock is currently owned by insiders.

Institutional Trading of NV5 Global

Several institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in NV5 Global in the first quarter worth approximately $19,602,000. American Century Companies Inc. increased its holdings in shares of NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after acquiring an additional 65,186 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of NV5 Global by 38.4% during the first quarter. Tributary Capital Management LLC now owns 172,941 shares of the business services provider’s stock worth $16,950,000 after purchasing an additional 47,945 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of NV5 Global by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after purchasing an additional 39,350 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in NV5 Global by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock valued at $105,617,000 after purchasing an additional 35,291 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Company Profile

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.