NV5 Holdings Inc. (NVEE) Sees Large Volume Increase
Shares of NV5 Holdings Inc. (NASDAQ:NVEE) saw an uptick in trading volume on Wednesday . 103,974 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 104,728 shares.The stock last traded at $32.22 and had previously closed at $32.14.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded NV5 Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. Seaport Global Securities restated an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th. Finally, Singular Research assumed coverage on NV5 Holdings in a research note on Friday, July 22nd. They set a “buy” rating and a $39.00 price objective for the company.
The firm has a market capitalization of $335.75 million and a P/E ratio of 25.3452. The stock has a 50-day moving average price of $32.41 and a 200 day moving average price of $27.13.
NV5 Holdings (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The firm earned $57.10 million during the quarter, compared to the consensus estimate of $58.90 million. Equities research analysts expect that NV5 Holdings Inc. will post $1.67 earnings per share for the current fiscal year.
In other NV5 Holdings news, CFO Michael P. Rama sold 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $35.22, for a total value of $36,840.12. Following the completion of the sale, the chief financial officer now owns 29,486 shares in the company, valued at approximately $1,038,496.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Tong sold 2,434 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $35.28, for a total value of $85,871.52. Following the completion of the sale, the vice president now owns 37,219 shares of the company’s stock, valued at approximately $1,313,086.32. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in NV5 Holdings stock. Dimensional Fund Advisors LP boosted its position in NV5 Holdings Inc. (NASDAQ:NVEE) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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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