NV5 Global Inc (NASDAQ:NVEE) Director William D. Pruitt purchased 500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of $48.59 per share, for a total transaction of $24,295.00. Following the acquisition, the director now directly owns 9,641 shares in the company, valued at approximately $468,456.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NV5 Global stock traded down $2.08 on Tuesday, reaching $46.67. The stock had a trading volume of 9,168 shares, compared to its average volume of 243,391. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.54 and a current ratio of 2.54. The business’s 50-day moving average price is $61.35 and its two-hundred day moving average price is $70.98. The stock has a market cap of $616.46 million, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. NV5 Global Inc has a fifty-two week low of $46.76 and a fifty-two week high of $85.60.
NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.26). The firm had revenue of $131.03 million during the quarter, compared to analyst estimates of $139.05 million. NV5 Global had a net margin of 5.66% and a return on equity of 12.95%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. As a group, equities analysts forecast that NV5 Global Inc will post 3.26 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on NVEE. Lake Street Capital decreased their price objective on shares of NV5 Global from $98.00 to $86.00 and set a “buy” rating for the company in a report on Friday, November 8th. Zacks Investment Research lowered NV5 Global from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Maxim Group reduced their price target on NV5 Global from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, November 8th. BidaskClub downgraded NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Roth Capital lowered their price objective on NV5 Global from $96.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. NV5 Global currently has a consensus rating of “Hold” and a consensus price target of $86.00.
Hedge funds have recently added to or reduced their stakes in the business. Pembroke Management LTD bought a new position in shares of NV5 Global in the third quarter worth about $6,667,000. Neumeier Poma Investment Counsel LLC lifted its position in shares of NV5 Global by 12.4% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 507,310 shares of the business services provider’s stock worth $41,295,000 after purchasing an additional 56,000 shares during the last quarter. BlackRock Inc. boosted its stake in NV5 Global by 7.4% during the 2nd 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 period. Grandeur Peak Global Advisors LLC boosted its stake in NV5 Global by 70.2% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 101,150 shares of the business services provider’s stock valued at $8,234,000 after purchasing an additional 41,725 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in NV5 Global in the 2nd quarter valued at approximately $2,916,000. Institutional investors own 61.19% 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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