NV5 Global (NVEE) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a sell rating in a research note released on Friday.

NVEE has been the topic of several other reports. Roth Capital lifted their price objective on shares of NV5 Global from $48.00 to $60.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Zacks Investment Research cut shares of NV5 Global from a buy rating to a hold rating in a research report on Wednesday, October 4th. Seaport Global Securities reiterated a buy rating and set a $61.00 price objective (up from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. Lake Street Capital lifted their price objective on shares of NV5 Global to $66.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, ValuEngine cut shares of NV5 Global from a buy rating to a hold rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $58.00.

NV5 Global (NVEE) traded down $0.45 during midday trading on Friday, hitting $48.70. The company’s stock had a trading volume of 125,502 shares, compared to its average volume of 44,578. The company has a market capitalization of $520.45, a PE ratio of 32.91, a P/E/G ratio of 0.90 and a beta of 1.83. NV5 Global has a 52 week low of $34.25 and a 52 week high of $58.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. The firm had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $103.15 million. sell-side analysts predict that NV5 Global will post 2.34 earnings per share for the current year.

In other NV5 Global news, CFO Michael P. Rama sold 1,800 shares of NV5 Global stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $55.20, for a total transaction of $99,360.00. Following the transaction, the chief financial officer now directly owns 29,949 shares in the company, valued at approximately $1,653,184.80. The transaction 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 business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total transaction of $118,800.00. The disclosure for this sale can be found here. Over the last quarter, 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 bought and sold shares of NVEE. Dimensional Fund Advisors LP grew its holdings in shares of NV5 Global by 26.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 348,217 shares of the business services provider’s stock valued at $14,799,000 after acquiring an additional 72,288 shares in the last quarter. EAM Investors LLC grew its holdings in shares of NV5 Global by 225.7% during the 3rd quarter. EAM Investors LLC now owns 97,378 shares of the business services provider’s stock valued at $5,322,000 after acquiring an additional 67,484 shares in the last quarter. Mitchell Capital Management Co. purchased a new position in shares of NV5 Global during the 3rd quarter valued at $2,930,000. Ameriprise Financial Inc. purchased a new position in shares of NV5 Global during the 3rd quarter valued at $1,453,000. Finally, Vanguard Group Inc. grew its holdings in shares of NV5 Global by 7.5% during the 2nd quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock valued at $14,341,000 after acquiring an additional 23,486 shares in the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.

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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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