NV5 Holdings Inc. (NVEE) Shares Up 3.7%
NV5 Holdings Inc. (NASDAQ:NVEE) shot up 3.7% on Friday . The company traded as high as $35.49 and last traded at $35.23, with a volume of 63,633 shares traded. The stock had previously closed at $33.98.
NVEE has been the subject of several analyst reports. Zacks Investment Research lowered shares of NV5 Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. Seaport Global Securities restated an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th. Finally, Singular Research assumed 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 for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.00.
The stock has a market capitalization of $364.90 million and a PE ratio of 27.55. The company’s 50-day moving average is $30.83 and its 200 day moving average is $26.14.
NV5 Holdings (NASDAQ:NVEE) last issued its earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm earned $57.10 million during the quarter, compared to the consensus estimate of $58.90 million. On average, analysts anticipate that NV5 Holdings Inc. will post $1.68 earnings per share for the current year.
A hedge fund recently raised its stake in NV5 Holdings stock. Dimensional Fund Advisors LP increased its stake in shares of NV5 Holdings Inc. (NASDAQ:NVEE) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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).
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