NV5 Global, Inc. (NASDAQ:NVEE) had its price target boosted by Lake Street Capital to $66.00 in a research report report published on Thursday, The Fly reports. They currently have a buy rating on the business services provider’s stock.

NVEE has been the subject of a number of other research reports. BidaskClub cut NV5 Global from a buy rating to a hold rating in a research note on Wednesday, July 19th. Seaport Global Securities reiterated a buy rating and issued a $61.00 price objective (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Roth Capital boosted their price objective on NV5 Global from $48.00 to $60.00 and gave the company a buy rating in a research note on Thursday. Zacks Investment Research upgraded NV5 Global from a hold rating to a buy rating and set a $61.00 price objective for the company in a research note on Saturday, October 14th. Finally, ValuEngine cut NV5 Global from a buy rating to a hold rating in a research note on Monday, October 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NV5 Global currently has a consensus rating of Buy and an average target price of $58.00.

NV5 Global (NASDAQ:NVEE) opened at $51.75 on Thursday. The firm has a market capitalization of $558.15, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54. NV5 Global has a 52-week low of $32.35 and a 52-week high of $58.95.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. equities research analysts anticipate that NV5 Global will post 2.34 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in NV5 Global by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 26,016 shares of the business services provider’s stock worth $978,000 after purchasing an additional 1,109 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in NV5 Global by 1.6% during the first quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock worth $549,000 after purchasing an additional 232 shares in the last quarter. American International Group Inc. boosted its position in NV5 Global by 7.1% during the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after purchasing an additional 301 shares in the last quarter. Vanguard Group Inc. boosted its position in NV5 Global by 5.4% during the first quarter. Vanguard Group Inc. now owns 313,943 shares of the business services provider’s stock worth $11,804,000 after purchasing an additional 16,034 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in NV5 Global by 10.2% during the first quarter. Geode Capital Management LLC now owns 62,550 shares of the business services provider’s stock worth $2,351,000 after purchasing an additional 5,793 shares in the last quarter. 56.61% of the stock is currently owned by hedge funds and other institutional investors.

About NV5 Global

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 in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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