NV5 Global (NASDAQ:NVEE) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a report released on Saturday.

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

NV5 Global Stock Down 0.2 %

Shares of NASDAQ:NVEE opened at $23.52 on Friday. The stock has a fifty day simple moving average of $84.54 and a two-hundred day simple moving average of $91.07. The stock has a market capitalization of $379.75 million, a price-to-earnings ratio of 9.30, a PEG ratio of 1.29 and a beta of 1.17. NV5 Global has a 12-month low of $21.76 and a 12-month high of $28.75. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, research analysts anticipate that NV5 Global will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at NV5 Global

In other news, Director Tardan Francois sold 1,661 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the completion of the transaction, the director now owns 5,150 shares in the company, valued at $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

Large investors have recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of NV5 Global in the second quarter worth $44,000. Blue Trust Inc. grew its holdings in shares of NV5 Global by 3,950.0% in the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after acquiring an additional 632 shares during the period. Net Worth Advisory Group bought a new stake in shares of NV5 Global in the third quarter worth $211,000. SG Americas Securities LLC bought a new stake in shares of NV5 Global in the first quarter worth $228,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after acquiring an additional 500 shares during the period. Institutional investors own 75.54% of the company’s stock.

NV5 Global Company Profile

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.