NV5 Holdings Inc. (NVEE) Lifted to “Buy” at Seaport Global Securities
Seaport Global Securities upgraded shares of NV5 Holdings Inc. (NASDAQ:NVEE) from an accumulate rating to a buy rating in a report issued on Monday morning. Seaport Global Securities currently has $36.00 price target on the stock.
A number of other analysts have also recently commented on the company. Zacks Investment Research cut NV5 Holdings from a hold rating to a strong sell rating in a research note on Tuesday, August 9th. Singular Research assumed coverage on NV5 Holdings in a research note on Friday, July 22nd. They issued a buy rating and a $39.00 price target for the company.
NV5 Holdings (NASDAQ:NVEE) opened at 31.85 on Monday. The company has a market cap of $280.06 million, a price-to-earnings ratio of 24.98 and a beta of 1.41. The stock has a 50 day moving average of $32.14 and a 200-day moving average of $28.60. NV5 Holdings has a 52-week low of $15.00 and a 52-week high of $37.00.
NV5 Holdings (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company earned $57.10 million during the quarter, compared to analysts’ expectations of $58.90 million. NV5 Holdings had a return on equity of 13.13% and a net margin of 5.52%. On average, analysts forecast that NV5 Holdings will post $1.66 EPS for the current year.
In related news, CFO Michael P. Rama sold 1,046 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $35.22, for a total transaction 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 approximately $1,038,496.92. The transaction 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 the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $31.60, for a total value of $126,400.00. Following the sale, the chief operating officer now directly owns 264,799 shares of the company’s stock, valued at $8,367,648.40. The disclosure for this sale can be found here. Corporate insiders own 32.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in NV5 Holdings by 1.1% in the first quarter. Geode Capital Management LLC now owns 28,913 shares of the company’s stock worth $775,000 after buying an additional 326 shares during the period. Navellier & Associates Inc increased its position in NV5 Holdings by 1.7% in the second quarter. Navellier & Associates Inc now owns 35,425 shares of the company’s stock worth $1,007,000 after buying an additional 600 shares during the period. American International Group Inc. increased its position in NV5 Holdings by 41.1% in the second quarter. American International Group Inc. now owns 4,224 shares of the company’s stock worth $120,000 after buying an additional 1,231 shares during the period. Oxford Asset Management increased its position in NV5 Holdings by 2.7% in the second quarter. Oxford Asset Management now owns 49,547 shares of the company’s stock worth $1,409,000 after buying an additional 1,325 shares during the period. Finally, Nationwide Fund Advisors increased its position in NV5 Holdings by 46.0% in the second quarter. Nationwide Fund Advisors now owns 4,786 shares of the company’s stock worth $136,000 after buying an additional 1,507 shares during the period. 45.00% of the stock is owned by institutional investors and hedge funds.
About NV5 Holdings
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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