NV5 Holdings Inc. (NVEE) Sees Unusually-High Trading Volume
NV5 Holdings Inc. (NASDAQ:NVEE) shares saw strong trading volume on Tuesday . 104,348 shares changed hands during trading, an increase of 35% from the previous session’s volume of 77,582 shares.The stock last traded at $35.47 and had previously closed at $35.40.
NVEE has been the topic of several recent research reports. Zacks Investment Research cut shares of NV5 Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 13th. Seaport Global Securities reaffirmed an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th. Finally, Singular Research initiated coverage on shares of NV5 Holdings in a research note on Friday, July 22nd. They issued a “buy” rating and a $39.00 price objective on the stock.
The stock has a 50-day moving average of $31.34 and a 200 day moving average of $26.50. The firm has a market cap of $365.62 million and a P/E ratio of 27.60.
NV5 Holdings (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $58.90 million. Equities analysts expect that NV5 Holdings Inc. will post $1.68 earnings per share for the current fiscal year.
In other NV5 Holdings news, VP Richard Tong sold 3,566 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $34.08, for a total value of $121,529.28. Following the transaction, the vice president now directly owns 40,219 shares in the company, valued at approximately $1,370,663.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
An institutional investor recently raised its position in NV5 Holdings stock. Dimensional Fund Advisors LP raised its position in NV5 Holdings Inc. (NASDAQ:NVEE) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,587 shares of the company’s stock after buying an additional 19,426 shares during the period. Dimensional Fund Advisors LP owned approximately 1.10% of NV5 Holdings worth $1,969,000 as of its most recent filing with the SEC.
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients. The Company’s operations are organized into three segments: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM).
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