NV5 Global (NASDAQ:NVEE) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
Several other equities research analysts have also commented on NVEE. Roth Capital boosted their price objective on shares of NV5 Global from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. ValuEngine lowered shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. Maxim Group initiated coverage on shares of NV5 Global in a research note on Tuesday, October 30th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Bank of America initiated coverage on shares of NV5 Global in a research note on Tuesday, November 13th. They issued a “hold” rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $97.14.
NASDAQ:NVEE opened at $64.54 on Friday. NV5 Global has a one year low of $40.01 and a one year high of $96.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.45 and a current ratio of 3.45. The stock has a market cap of $838.29 million, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50.
NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). NV5 Global had a return on equity of 15.59% and a net margin of 7.74%. The business had revenue of $104.19 million for the quarter, compared to the consensus estimate of $104.50 million. During the same period in the previous year, the firm earned $0.75 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Research analysts anticipate that NV5 Global will post 3.32 EPS for the current fiscal 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 shares were sold at an average price of $72.87, for a total value of $728,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 21,145 shares of company stock worth $1,553,708. Insiders own 26.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NVEE. Virtu Financial LLC bought a new position in shares of NV5 Global in the third quarter worth approximately $204,000. Stone Ridge Asset Management LLC bought a new position in shares of NV5 Global in the third quarter worth approximately $207,000. Ipswich Investment Management Co. Inc. bought a new position in shares of NV5 Global in the third quarter worth approximately $213,000. Keybank National Association OH bought a new position in shares of NV5 Global in the third quarter worth approximately $223,000. Finally, Voya Investment Management LLC bought a new position in shares of NV5 Global in the second quarter worth approximately $230,000. Hedge funds and other institutional investors own 61.95% of the company’s stock.
About NV5 Global
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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