NV5 Global Inc (NVEE) Receives Average Rating of “Hold” from Brokerages

NV5 Global Inc (NASDAQ:NVEE) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $58.00.

NVEE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Roth Capital lifted their price target on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Lake Street Capital lifted their price target on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, BidaskClub upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, December 22nd.

In other NV5 Global news, CFO Michael P. Rama sold 1,800 shares of NV5 Global stock in a transaction on Friday, December 1st. The shares were sold at an average price of $55.20, for a total value of $99,360.00. Following the sale, the chief financial officer now directly owns 29,949 shares in the company, valued at approximately $1,653,184.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Richard Tong sold 2,200 shares of NV5 Global stock in a transaction on Tuesday, November 28th. The stock was 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 sold 7,684 shares of company stock worth $405,970. 26.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of NVEE. Sei Investments Co. grew its stake 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 in the last quarter. Victory Capital Management Inc. grew its stake 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 in the last quarter. Wells Fargo & Company MN grew its stake 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 in the last quarter. Simplex Trading LLC grew its stake 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 in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in shares of NV5 Global in the 2nd quarter worth $238,000. 55.06% of the stock is owned by institutional investors and hedge funds.

Shares of NV5 Global (NASDAQ NVEE) opened at $40.65 on Tuesday. The company has a market cap of $454.61, a price-to-earnings ratio of 27.65, a PEG ratio of 0.79 and a beta of 1.17. 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 quick ratio of 2.54 and a current ratio of 2.54.

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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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