NV5 Global (NVEE) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research report report published on Saturday. The firm currently has $58.00 target price on the business services provider’s stock.

According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “

A number of other brokerages have also recently commented on NVEE. Lake Street Capital increased their target price on NV5 Global to $66.00 and gave the company a buy rating in a report on Thursday, November 9th. ValuEngine raised NV5 Global from a hold rating to a buy rating in a research note on Friday, September 15th. BidaskClub lowered NV5 Global from a buy rating to a hold rating in a research note on Thursday, January 4th. Roth Capital increased their price target on NV5 Global from $48.00 to $60.00 and gave the stock a buy rating in a research note on Thursday, November 9th. Finally, Seaport Global Securities reissued a buy rating and set a $61.00 price target (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $58.00.

Shares of NV5 Global (NASDAQ:NVEE) opened at $52.75 on Friday. The company has a market capitalization of $557.88, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 0.96 and a beta of 1.83. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a fifty-two week low of $33.60 and a fifty-two week high of $58.95.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $103.15 million. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. equities research analysts forecast that NV5 Global will post 2.34 earnings per share for the current year.

In other NV5 Global news, Director Tardan Francois sold 3,684 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $50.98, for a total transaction of $187,810.32. Following the transaction, the director now owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Richard Tong sold 2,200 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total value of $118,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,684 shares of company stock worth $405,970. Corporate insiders own 26.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its position in shares of NV5 Global by 123.5% in the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after buying an additional 1,623 shares during the period. Victory Capital Management Inc. raised its position in shares of NV5 Global by 536.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after buying an additional 3,088 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of NV5 Global by 512.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after buying an additional 4,100 shares during the period. Wells Fargo & Company MN raised its position in shares of NV5 Global by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after buying an additional 126 shares during the period. Finally, Simplex Trading LLC raised its position in shares of NV5 Global by 1,972.5% in the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock worth $218,000 after buying an additional 3,807 shares during the period. 56.21% of the stock is currently owned by institutional investors.

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NV5 Global Company Profile

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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