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

StockNews.com cut shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a research report report published on Wednesday.

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

NV5 Global Price Performance

Shares of NVEE opened at $19.03 on Wednesday. The company has a market capitalization of $1.24 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.21 and a beta of 1.19. The business’s 50-day moving average is $22.11 and its two-hundred day moving average is $23.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global has a fifty-two week low of $18.59 and a fifty-two week high of $28.75.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of NV5 Global by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the business services provider’s stock valued at $604,000 after buying an additional 200 shares during the last quarter. Tributary Capital Management LLC raised its holdings in NV5 Global by 10.8% in the 2nd quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after acquiring an additional 18,625 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in NV5 Global by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 106,128 shares of the business services provider’s stock valued at $9,867,000 after acquiring an additional 5,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NV5 Global by 26.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,698 shares of the business services provider’s stock worth $344,000 after purchasing an additional 780 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of NV5 Global in the second quarter valued at approximately $44,000. 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.