StockNews.com Lowers NV5 Global (NASDAQ:NVEE) to Hold

StockNews.com lowered shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Roth Mkm reiterated a “buy” rating and set a $130.00 price objective (up from $128.00) on shares of NV5 Global in a research note on Thursday, August 8th.

NV5 Global Price Performance

NVEE opened at $23.22 on Friday. NV5 Global has a twelve month low of $21.76 and a twelve month high of $28.75. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31. The firm has a market cap of $374.91 million, a price-to-earnings ratio of 9.18, a PEG ratio of 1.29 and a beta of 1.17. The company has a fifty day simple moving average of $81.70 and a 200 day simple moving average of $90.02.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The business had revenue of $236.33 million for the quarter, compared to analysts’ expectations of $235.58 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that NV5 Global will post 1.28 EPS for the current fiscal year.

Insider Transactions at NV5 Global

In related news, Director Tardan Francois sold 1,661 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the transaction, the director now directly owns 5,150 shares in the company, valued at $496,048. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 632 shares during the last quarter. Net Worth Advisory Group acquired a new stake in shares of NV5 Global in the 3rd quarter worth about $211,000. Swedbank AB lifted its position in NV5 Global by 27.3% in the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after purchasing an additional 75,000 shares during the last quarter. NBC Securities Inc. grew its position in NV5 Global by 2,043.7% in the 3rd quarter. NBC Securities Inc. now owns 3,730 shares of the business services provider’s stock worth $348,000 after purchasing an additional 3,556 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of NV5 Global by 17.6% in the third quarter. Inspire Investing LLC now owns 4,417 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 661 shares during the period. Institutional investors own 75.54% of the company’s stock.

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.