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

StockNews.com downgraded shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a research report released on Saturday morning.

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

NV5 Global Stock Down 0.9 %

NVEE stock opened at $23.22 on Friday. The firm’s 50-day moving average is $81.70 and its two-hundred day moving average is $90.02. 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 company has a market capitalization of $374.91 million, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17. NV5 Global has a 52 week low of $21.76 and a 52 week high of $28.75.

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

Insider Activity

In related news, Director Tardan Francois sold 1,661 shares of NV5 Global stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the transaction, the director now owns 5,150 shares of the company’s stock, valued at approximately $496,048. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

Large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in NV5 Global during the second quarter valued at $44,000. Blue Trust Inc. increased its holdings in shares of NV5 Global by 3,950.0% in the 3rd 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 period. Net Worth Advisory Group purchased a new stake in shares of NV5 Global in the third quarter worth approximately $211,000. SG Americas Securities LLC acquired a new stake in shares of NV5 Global during the first quarter worth approximately $228,000. Finally, Handelsbanken Fonder AB grew its position in NV5 Global by 21.7% during the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 500 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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.