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 research note released on Monday morning. The brokerage currently has $36.00 target price on the stock.
A number of other brokerages have also commented on NVEE. Zacks Investment Research lowered NV5 Holdings from a hold rating to a strong sell rating in a research note on Tuesday, August 9th. Singular Research initiated coverage on NV5 Holdings in a research note on Friday, July 22nd. They set a buy rating and a $39.00 price target on the stock.
NV5 Holdings (NASDAQ:NVEE) opened at 31.85 on Monday. The firm has a market cap of $280.06 million, a P/E ratio of 24.98 and a beta of 1.41. The firm’s 50-day moving average price is $32.14 and its 200-day moving average price is $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 the Zacks’ consensus estimate of $0.36 by $0.02. NV5 Holdings had a return on equity of 13.13% and a net margin of 5.52%. The firm had revenue of $57.10 million for the quarter, compared to analyst estimates of $58.90 million. Equities research analysts expect that NV5 Holdings will post $1.66 EPS for the current year.
In related news, VP Richard Tong sold 3,566 shares of NV5 Holdings 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 transaction, the vice president now directly owns 40,219 shares of the company’s stock, valued at $1,370,663.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Alexander A. Hockman sold 4,000 shares of NV5 Holdings 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 completion of the transaction, the chief operating officer now directly owns 264,799 shares in the company, valued at $8,367,648.40. The disclosure for this sale can be found here. 32.90% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of NVEE. Cortina Asset Management LLC acquired a new position in shares of NV5 Holdings during the second quarter valued at about $3,466,000. Royce & Associates LP raised its position in shares of NV5 Holdings by 3.4% in the second quarter. Royce & Associates LP now owns 301,885 shares of the company’s stock valued at $8,586,000 after buying an additional 10,000 shares during the period. AWM Investment Company Inc. raised its position in shares of NV5 Holdings by 93.8% in the second quarter. AWM Investment Company Inc. now owns 77,500 shares of the company’s stock valued at $2,204,000 after buying an additional 37,500 shares during the period. Cadence Capital Management LLC acquired a new position in shares of NV5 Holdings during the second quarter valued at about $748,000. Finally, State Street Corp raised its position in shares of NV5 Holdings by 25.3% in the first quarter. State Street Corp now owns 57,038 shares of the company’s stock valued at $1,529,000 after buying an additional 11,505 shares during the period. 45.00% of the stock is currently owned by institutional investors.
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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