StockNews.com Upgrades NV5 Global (NASDAQ:NVEE) to Buy

NV5 Global (NASDAQ:NVEE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Roth Mkm reiterated a “buy” rating and set a $130.00 target price (up previously from $128.00) on shares of NV5 Global in a research note on Thursday, August 8th.

NV5 Global Trading Up 1.3 %

NASDAQ:NVEE opened at $23.08 on Friday. The company has a market capitalization of $372.65 million, a PE ratio of 9.12, a P/E/G ratio of 1.28 and a beta of 1.17. NV5 Global has a 52-week low of $21.76 and a 52-week high of $28.75. The stock’s 50 day moving average price is $91.77 and its 200 day moving average price is $93.64. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The business had revenue of $236.33 million for the quarter, compared to analyst estimates of $235.58 million. During the same period last year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that NV5 Global will post 5.12 EPS for the current year.

Insider Buying and Selling

In other NV5 Global news, Director Tardan Francois sold 1,661 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $96.32, for a total transaction of $159,987.52. Following the completion of the transaction, the director now owns 5,150 shares in the company, valued at approximately $496,048. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in NV5 Global by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock valued at $93,943,000 after purchasing an additional 8,032 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after buying an additional 39,350 shares in the last quarter. American Century Companies Inc. grew its holdings in NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after acquiring an additional 65,186 shares during the period. Swedbank AB raised its position in NV5 Global by 37.5% in the second quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock worth $25,567,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in NV5 Global by 10.8% in the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after acquiring an additional 18,625 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.