NV5 Holdings Inc. (NVEE) Hits New 12-Month High at $33.46
NV5 Holdings Inc. (NASDAQ:NVEE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.46 and last traded at $33.35, with a volume of 20,659 shares trading hands. The stock had previously closed at $32.88.
A number of brokerages have recently issued reports on NVEE. Zacks Investment Research cut shares of NV5 Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 13th. Singular Research began coverage on shares of NV5 Holdings in a research report on Friday, July 22nd. They issued a “buy” rating and a $39.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.00.
The company has a 50-day moving average of $29.72 and a 200 day moving average of $25.49. The firm has a market capitalization of $274.81 million and a PE ratio of 27.14.
NV5 Holdings (NASDAQ:NVEE) last announced its earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $58.90 million. On average, analysts forecast that NV5 Holdings Inc. will post $1.68 EPS for the current year.
A hedge fund recently raised its stake in NV5 Holdings stock. Royce & Associates LLC raised its stake in shares of NV5 Holdings Inc. (NASDAQ:NVEE) by 20.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,885 shares of the company’s stock after buying an additional 50,000 shares during the period. Royce & Associates LLC owned 3.59% of NV5 Holdings worth $6,416,000 at the end of the most recent 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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