NV5 Global (NASDAQ:NVEE) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a report issued on Thursday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the company. Maxim Group reaffirmed a buy rating and set a $85.00 target price on shares of NV5 Global in a research note 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. BidaskClub downgraded shares of NV5 Global from a strong-buy rating to a buy rating in a research report on Tuesday, July 30th. Finally, Roth Capital boosted their price target on shares of NV5 Global from $90.00 to $96.00 and gave the company a buy rating in a report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. NV5 Global currently has a consensus rating of Buy and an average price target of $90.60.

NV5 Global stock traded down $2.25 during mid-day trading on Thursday, hitting $75.86. The company’s stock had a trading volume of 101,328 shares, compared to its average volume of 78,748. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $981.46 million, a PE ratio of 23.41, a P/E/G ratio of 1.02 and a beta of 1.30. The firm’s fifty day simple moving average is $80.86. NV5 Global has a twelve month low of $51.46 and a twelve month high of $96.70.

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

In other NV5 Global news, VP Donald C. Alford sold 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $72.70, for a total value of $727,000.00. Following the transaction, the vice president now owns 32,688 shares in the company, valued at $2,376,417.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael P. Rama sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $82.52, for a total value of $82,520.00. Following the completion of the sale, the vice president now directly owns 27,300 shares of the company’s stock, valued at approximately $2,252,796. The disclosure for this sale can be found here. Insiders sold 53,464 shares of company stock worth $4,128,365 in the last 90 days. Corporate insiders own 19.62% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Creek Advisors LLC grew its position in NV5 Global by 18.3% in the first quarter. Summit Creek Advisors LLC now owns 265,998 shares of the business services provider’s stock worth $15,790,000 after acquiring an additional 41,060 shares in the last quarter. Eagle Asset Management Inc. boosted its position in NV5 Global by 50.0% during the first quarter. Eagle Asset Management Inc. now owns 109,975 shares of the business services provider’s stock worth $6,528,000 after purchasing an additional 36,638 shares during the period. Deutsche Bank AG boosted its position in NV5 Global by 135.2% during the fourth quarter. Deutsche Bank AG now owns 44,338 shares of the business services provider’s stock worth $2,684,000 after purchasing an additional 25,487 shares during the period. King Luther Capital Management Corp boosted its position in NV5 Global by 106.7% during the first quarter. King Luther Capital Management Corp now owns 46,420 shares of the business services provider’s stock worth $2,755,000 after purchasing an additional 23,960 shares during the period. Finally, Bank of America Corp DE boosted its position in NV5 Global by 794.4% during the fourth quarter. Bank of America Corp DE now owns 26,725 shares of the business services provider’s stock worth $1,618,000 after purchasing an additional 23,737 shares during the period. 62.22% of the stock is owned by institutional investors and hedge funds.

About NV5 Global

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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Analyst Recommendations for NV5 Global (NASDAQ:NVEE)

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