Shares of NV5 Global, Inc. (NASDAQ:NVEE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.25 and last traded at $57.15, with a volume of 34,702 shares trading hands. The stock had previously closed at $56.80.
Several brokerages recently issued reports on NVEE. ValuEngine cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Seaport Global Securities reaffirmed a “buy” rating and set a $61.00 price objective (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Sidoti began coverage on shares of NV5 Global in a research note on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. NV5 Global presently has a consensus rating of “Hold” and an average price target of $53.50.
The stock has a market capitalization of $590.94 million, a price-to-earnings ratio of 46.37 and a beta of 1.44. The firm’s 50 day moving average is $53.95 and its 200-day moving average is $44.31.
NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $83.74 million during the quarter, compared to the consensus estimate of $87.73 million. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. Equities analysts forecast that NV5 Global, Inc. will post $2.29 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its stake in NV5 Global by 4.7% during the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after buying an additional 232 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of NV5 Global during the first quarter worth $203,000. Bank of New York Mellon Corp lifted its position in shares of NV5 Global by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 26,016 shares of the business services provider’s stock worth $978,000 after purchasing an additional 1,109 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of NV5 Global by 1.6% during the first quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock worth $549,000 after purchasing an additional 232 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of NV5 Global by 7.1% during the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.
About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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