NV5 Holdings Inc. (NVEE) Sees Large Volume Increase
NV5 Holdings Inc. (NASDAQ:NVEE) saw unusually-strong trading volume on Wednesday . Approximately 103,974 shares traded hands during trading, a decline of 1% from the previous session’s volume of 104,728 shares.The stock last traded at $32.22 and had previously closed at $32.14.
Several analysts have weighed in on NVEE shares. Zacks Investment Research upgraded NV5 Holdings from a “strong sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Saturday, July 23rd. Singular Research started 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. Finally, Seaport Global Securities reiterated an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th.
The company has a 50 day moving average price of $32.13 and a 200 day moving average price of $27.06. The company has a market cap of $334.35 million and a PE ratio of 25.24.
NV5 Holdings (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company earned $57.10 million during the quarter, compared to analyst estimates of $58.90 million. Analysts expect that NV5 Holdings Inc. will post $1.67 EPS for the current fiscal year.
In other NV5 Holdings news, VP Richard Tong sold 2,434 shares of NV5 Holdings stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $35.28, for a total value of $85,871.52. Following the sale, the vice president now owns 37,219 shares of the company’s stock, valued at approximately $1,313,086.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael P. Rama sold 1,046 shares of NV5 Holdings stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $35.22, for a total value of $36,840.12. Following the completion of the sale, the chief financial officer now directly owns 29,486 shares in the company, valued at approximately $1,038,496.92. The disclosure for this sale can be found here.
An institutional investor recently raised its position in NV5 Holdings stock. Dimensional Fund Advisors LP raised its position in shares of NV5 Holdings Inc. (NASDAQ:NVEE) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 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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