NV5 Holdings Inc. (NVEE) Stock Price Up 2.2%
NV5 Holdings Inc. (NASDAQ:NVEE) rose 2.2% during mid-day 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.
NVEE has been the topic of several analyst reports. Zacks Investment Research raised shares of NV5 Holdings from a “strong sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Saturday, July 23rd. Singular Research initiated coverage on shares of NV5 Holdings in a research note on Friday, July 22nd. They set a “buy” rating and a $39.00 price target on the stock. Finally, Seaport Global Securities reaffirmed an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th.
The stock has a 50 day moving average of $32.74 and a 200-day moving average of $27.67. The company has a market cap of $326.77 million and a price-to-earnings ratio of 24.67.
NV5 Holdings (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $57.10 million for the quarter, compared to the consensus estimate of $58.90 million. Equities analysts anticipate that NV5 Holdings Inc. will post $1.67 EPS for the current fiscal year.
In related news, CFO Michael P. Rama sold 1,046 shares of NV5 Holdings stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $35.22, for a total transaction of $36,840.12. Following the sale, the chief financial officer now directly owns 29,486 shares in the company, valued at $1,038,496.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Alexander A. Hockman sold 4,000 shares of NV5 Holdings stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $31.60, for a total transaction of $126,400.00. Following the sale, the chief operating officer now owns 264,799 shares in the company, valued at $8,367,648.40. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in NV5 Holdings stock. Dimensional Fund Advisors LP increased its position in shares of NV5 Holdings Inc. (NASDAQ:NVEE) by 27.7% during the fourth quarter, according to its most recent filing with the 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 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.