NV5 Holdings Inc. (NVEE) Sees Large Volume Increase
NV5 Holdings Inc. (NASDAQ:NVEE) saw unusually-strong trading volume on Tuesday . Approximately 87,870 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 90,391 shares.The stock last traded at $29.29 and had previously closed at $29.05.
Several equities analysts have weighed in on NVEE shares. Zacks Investment Research raised NV5 Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, March 15th. TheStreet raised NV5 Holdings from a “hold” rating to a “buy” rating in a research report on Monday, March 14th.
The firm’s 50-day moving average is $27.68 and its 200-day moving average is $24.02. The stock has a market capitalization of $245.34 million and a P/E ratio of 24.23.
NV5 Holdings (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $45.90 million for the quarter, compared to analyst estimates of $49.10 million. On average, analysts anticipate that NV5 Holdings Inc. will post $1.68 earnings per share for the current year.
Several hedge funds recently bought and sold shares of the stock. Oxford Asset Management bought a new stake in NV5 Holdings during the fourth quarter worth approximately $1,122,000. EAM Investors LLC raised its stake in NV5 Holdings by 0.4% in the fourth quarter. EAM Investors LLC now owns 75,475 shares of the company’s stock worth $1,659,000 after buying an additional 297 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in NV5 Holdings by 27.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 89,587 shares of the company’s stock worth $1,969,000 after buying an additional 19,426 shares during the last quarter. Finally, Royce & Associates LLC raised its stake in NV5 Holdings by 20.7% in the fourth quarter. Royce & Associates LLC now owns 291,885 shares of the company’s stock worth $6,416,000 after buying an additional 50,000 shares during the last quarter.
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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