Insider Selling: NV5 Global Inc (NASDAQ:NVEE) VP Sells 2,000 Shares of Stock

NV5 Global Inc (NASDAQ:NVEE) VP Richard Tong sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $78.74, for a total transaction of $157,480.00. Following the completion of the sale, the vice president now directly owns 34,588 shares in the company, valued at $2,723,459.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ NVEE traded down $2.25 during mid-day trading on Friday, reaching $75.86. The company had a trading volume of 96,747 shares, compared to its average volume of 112,062. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $80.90. The stock has a market cap of $970.26 million, a PE ratio of 23.41, a P/E/G ratio of 1.06 and a beta of 1.31. NV5 Global Inc has a 52-week low of $51.46 and a 52-week high of $96.70.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, May 8th. The business services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. The firm had revenue of $117.34 million for the quarter, compared to the consensus estimate of $114.72 million. NV5 Global had a net margin of 6.38% and a return on equity of 14.09%. Research analysts predict that NV5 Global Inc will post 3.82 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Maxim Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of NV5 Global in a research report on Wednesday, June 5th. Zacks Investment Research downgraded shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Roth Capital increased their target price on shares of NV5 Global from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. BidaskClub downgraded shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $91.83.

A number of large investors have recently modified their holdings of NVEE. Steward Partners Investment Advisory LLC acquired a new stake in NV5 Global during the 2nd quarter worth $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NV5 Global by 43.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock worth $36,000 after purchasing an additional 183 shares during the period. Advisor Group Inc. boosted its stake in NV5 Global by 49.2% during the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after purchasing an additional 323 shares during the period. BNP Paribas Arbitrage SA boosted its stake in NV5 Global by 65,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,965 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,962 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in NV5 Global during the 2nd quarter worth $160,000. Hedge funds and other institutional investors own 62.22% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Insider Buying and Selling by Quarter for NV5 Global (NASDAQ:NVEE)

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