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

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

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

NV5 Global Trading Down 0.4 %

NASDAQ NVEE opened at $23.42 on Friday. The company has a market cap of $378.14 million, a PE ratio of 9.26, a PEG ratio of 1.29 and a beta of 1.17. NV5 Global has a 12 month low of $21.76 and a 12 month high of $28.75. The stock has a 50 day moving average of $83.13 and a 200-day moving average of $90.53. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31.

NV5 Global (NASDAQ:NVEE) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $235.58 million. During the same quarter in the previous year, the business earned $1.29 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that NV5 Global will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling at NV5 Global

In related news, Director Tardan Francois sold 1,661 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $96.32, for a total value of $159,987.52. Following the transaction, the director now directly owns 5,150 shares in the company, valued at approximately $496,048. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in NV5 Global by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after purchasing an additional 35,291 shares during the period. Swedbank AB lifted its holdings in shares of NV5 Global by 37.5% in the second quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock worth $25,567,000 after acquiring an additional 75,000 shares during the last quarter. SG Americas Securities LLC increased its position in NV5 Global by 439.1% during the 2nd quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock worth $1,166,000 after purchasing an additional 10,213 shares in the last quarter. Tributary Capital Management LLC lifted its stake 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 purchasing an additional 18,625 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in NV5 Global in the first quarter valued at approximately $1,200,000. Institutional investors 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.