NV5 Global (NASDAQ:NVEE) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of NV5 Global (NASDAQ:NVEE) from a sell rating to a hold rating in a research report report published on Saturday, Zacks.com reports.

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. “

NVEE has been the subject of a number of other reports. ValuEngine lowered NV5 Global from a buy rating to a hold rating in a research note on Thursday, August 1st. BidaskClub downgraded NV5 Global from a buy rating to a hold rating in a research report on Tuesday, August 13th. Maxim Group reissued a buy rating and issued a $85.00 target price on shares of NV5 Global in a report on Wednesday, June 5th. Finally, Roth Capital reduced their price target on shares of NV5 Global from $96.00 to $91.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $88.25.

Shares of NASDAQ NVEE opened at $68.89 on Friday. The company has a market cap of $780.89 million, a P/E ratio of 21.26, a P/E/G ratio of 0.86 and a beta of 1.44. NV5 Global has a 52-week low of $51.46 and a 52-week high of $96.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.66 and a current ratio of 2.66. The firm’s fifty day moving average is $68.92 and its two-hundred day moving average is $71.12.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. The business had revenue of $127.97 million during the quarter, compared to the consensus estimate of $127.57 million. NV5 Global had a net margin of 6.30% and a return on equity of 13.32%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, analysts forecast that NV5 Global will post 3.8 EPS for the current fiscal year.

In related news, VP Richard Tong sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $78.74, for a total value of $157,480.00. Following the transaction, the vice president now owns 34,588 shares of the company’s stock, valued at $2,723,459.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Alexander A. Hockman sold 6,464 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $79.30, for a total value of $512,595.20. Following the completion of the transaction, the chief operating officer now directly owns 204,716 shares in the company, valued at approximately $16,233,978.80. The disclosure for this sale can be found here. Insiders own 19.62% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Neumeier Poma Investment Counsel LLC boosted its stake in shares of NV5 Global by 12.4% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 507,310 shares of the business services provider’s stock valued at $41,295,000 after purchasing an additional 56,000 shares in the last quarter. BlackRock Inc. grew its stake in NV5 Global by 7.4% in the second quarter. BlackRock Inc. now owns 732,981 shares of the business services provider’s stock valued at $59,663,000 after purchasing an additional 50,505 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in NV5 Global by 70.2% in the second quarter. Grandeur Peak Global Advisors LLC now owns 101,150 shares of the business services provider’s stock worth $8,234,000 after purchasing an additional 41,725 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in NV5 Global by 50.0% in the first quarter. Eagle Asset Management Inc. now owns 109,975 shares of the business services provider’s stock worth $6,528,000 after purchasing an additional 36,638 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in NV5 Global in the second quarter worth about $2,916,000. Institutional investors and hedge funds own 61.28% of the company’s stock.

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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