NV5 Global (NVEE) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of NV5 Global (NASDAQ:NVEE) from a sell rating to a hold rating in a report issued on Wednesday morning.

Other research analysts also recently issued reports about the company. Maxim Group set a $110.00 price target on NV5 Global and gave the company a buy rating in a report on Monday, November 5th. Bank of America began coverage on NV5 Global in a report on Tuesday, November 13th. They issued a hold rating and a $95.00 price target for the company. Zacks Investment Research raised NV5 Global from a hold rating to a buy rating and set a $70.00 price target for the company in a report on Tuesday. Finally, ValuEngine raised NV5 Global from a sell rating to a hold rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. NV5 Global presently has an average rating of Buy and a consensus target price of $92.57.

NASDAQ NVEE traded down $1.20 during trading hours on Wednesday, reaching $68.01. The stock had a trading volume of 6,208 shares, compared to its average volume of 87,217. The firm has a market cap of $775.15 million, a P/E ratio of 28.53, a P/E/G ratio of 0.72 and a beta of 1.63. NV5 Global has a 52-week low of $40.01 and a 52-week high of $96.70. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.06.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, November 8th. The business services provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $104.19 million during the quarter, compared to analysts’ expectations of $104.50 million. NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. NV5 Global’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, research analysts expect that NV5 Global will post 3.32 earnings per share for the current year.

In other news, Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $72.87, for a total transaction of $728,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald C. Alford sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $64.59, for a total value of $452,130.00. Following the transaction, the vice president now directly owns 47,016 shares of the company’s stock, valued at $3,036,763.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,000 shares of company stock valued at $1,910,230. Corporate insiders own 25.07% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Woodstock Corp grew its holdings in NV5 Global by 3.6% in the 4th quarter. Woodstock Corp now owns 49,908 shares of the business services provider’s stock valued at $3,022,000 after buying an additional 1,720 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in NV5 Global by 1.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 17,823 shares of the business services provider’s stock valued at $1,545,000 after buying an additional 266 shares in the last quarter. Legal & General Group Plc grew its holdings in NV5 Global by 30.3% in the 3rd quarter. Legal & General Group Plc now owns 1,697 shares of the business services provider’s stock valued at $147,000 after buying an additional 395 shares in the last quarter. Vanguard Group Inc grew its holdings in NV5 Global by 20.6% in the 3rd quarter. Vanguard Group Inc now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after buying an additional 77,550 shares in the last quarter. Finally, IMS Capital Management purchased a new stake in NV5 Global in the 3rd quarter valued at $26,000. 61.95% of the stock is owned by institutional investors and hedge funds.

NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Analyst Recommendations for NV5 Global (NASDAQ:NVEE)

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