NV5 Global (NASDAQ:NVEE) Price Target Raised to $28.00

NV5 Global (NASDAQ:NVEE) had its price objective hoisted by Roth Mkm from $27.00 to $28.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on NVEE. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Robert W. Baird reduced their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.67.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $17.75 on Friday. The stock has a fifty day moving average price of $18.48 and a 200 day moving average price of $21.31. NV5 Global has a 1-year low of $16.77 and a 1-year high of $27.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $1.15 billion, a PE ratio of 36.04, a P/E/G ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. Sell-side analysts forecast that NV5 Global will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has approved a share repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NV5 Global

Several hedge funds have recently modified their holdings of NVEE. Public Employees Retirement System of Ohio raised its stake in NV5 Global by 300.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 126,379 shares of the business services provider’s stock worth $2,381,000 after purchasing an additional 94,808 shares during the period. Orion Capital Management LLC increased its holdings in shares of NV5 Global by 239.1% during the 4th quarter. Orion Capital Management LLC now owns 7,800 shares of the business services provider’s stock worth $147,000 after buying an additional 5,500 shares during the last quarter. Financial Avengers Inc. raised its position in shares of NV5 Global by 300.0% in the 4th quarter. Financial Avengers Inc. now owns 6,800 shares of the business services provider’s stock worth $128,000 after buying an additional 5,100 shares during the period. Ashford Capital Management Inc. boosted its holdings in NV5 Global by 299.1% in the fourth quarter. Ashford Capital Management Inc. now owns 549,500 shares of the business services provider’s stock valued at $10,353,000 after acquiring an additional 411,810 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NV5 Global by 289.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,383 shares of the business services provider’s stock valued at $2,211,000 after acquiring an additional 87,224 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.

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.