NV5 Holdings Inc. (NVEE) Trading 2.2% Higher
NV5 Holdings Inc. (NASDAQ:NVEE) shares traded up 2.2% during trading on Thursday . The stock traded as high as $31.28 and last traded at $31.23, with a volume of 60,011 shares. The stock had previously closed at $30.57.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of NV5 Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 13th. Seaport Global Securities reissued an “accumulate” rating on shares of NV5 Holdings in a research report on Thursday, August 4th. Finally, Singular Research assumed coverage on shares of NV5 Holdings in a research report on Friday, July 22nd. They set a “buy” rating and a $39.00 price objective on the stock.
The company has a market cap of $325.10 million and a price-to-earnings ratio of 24.54. The stock’s 50-day moving average price is $32.71 and its 200 day moving average price is $27.61.
NV5 Holdings (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The business earned $57.10 million during the quarter, compared to analyst estimates of $58.90 million. On average, analysts predict that NV5 Holdings Inc. will post $1.67 earnings per share for the current year.
In other news, VP Richard Tong sold 3,566 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $34.08, for a total value of $121,529.28. Following the completion of the sale, the vice president now directly owns 40,219 shares of the company’s stock, valued at approximately $1,370,663.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael P. Rama sold 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were 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 directly owns 29,486 shares of the company’s stock, valued at $1,038,496.92. The disclosure for this sale can be found here.
An institutional investor recently raised its position in NV5 Holdings stock. Dimensional Fund Advisors LP boosted its stake in NV5 Holdings Inc. (NASDAQ:NVEE) by 27.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,587 shares of the company’s stock after buying an additional 19,426 shares during the period. Dimensional Fund Advisors LP owned about 1.10% of NV5 Holdings worth $1,969,000 as of its most recent SEC filing.
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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