NV5 Global (NASDAQ:NVEE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Separately, Robert W. Baird dropped their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

NV5 Global Stock Performance

Shares of NVEE stock opened at $21.24 on Tuesday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 3.38 and a beta of 1.19. NV5 Global has a 1-year low of $20.68 and a 1-year high of $28.75. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $22.67 and its 200-day simple moving average is $23.25.

Institutional Trading of NV5 Global

A number of institutional investors have recently bought and sold shares of NVEE. Geode Capital Management LLC raised its stake in shares of NV5 Global by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock worth $30,577,000 after purchasing an additional 5,035 shares in the last quarter. Barclays PLC increased its holdings in NV5 Global by 352.5% in the third quarter. Barclays PLC now owns 23,906 shares of the business services provider’s stock worth $2,235,000 after buying an additional 18,623 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in NV5 Global during the third quarter valued at approximately $492,000. Redwood Grove Capital LLC acquired a new stake in NV5 Global in the third quarter valued at approximately $12,599,000. Finally, Janus Henderson Group PLC grew its position in NV5 Global by 42.5% in the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock worth $750,000 after acquiring an additional 2,396 shares in the last quarter. Institutional investors and hedge funds 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.