NV5 Global Inc (NASDAQ:NVEE) VP Richard Tong sold 2,200 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total transaction of $118,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NV5 Global Inc (NASDAQ NVEE) traded down $0.55 during midday trading on Friday, reaching $54.90. 78,313 shares of the company’s stock traded hands, compared to its average volume of 59,240. NV5 Global Inc has a fifty-two week low of $33.10 and a fifty-two week high of $58.95. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. The stock has a market cap of $592.13, a PE ratio of 25.91, a PEG ratio of 1.19 and a beta of 1.90.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. The business had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $103.15 million. analysts forecast that NV5 Global Inc will post 2.34 EPS for the current fiscal year.

NVEE has been the topic of several recent analyst reports. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Lake Street Capital increased their target price on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Roth Capital increased their target price on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. ValuEngine upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $61.00 target price (up from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after buying an additional 126 shares in the last quarter. American International Group Inc. raised its position in shares of NV5 Global by 7.1% during the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after buying an additional 301 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of NV5 Global by 12.5% during the 2nd quarter. Nationwide Fund Advisors now owns 5,851 shares of the business services provider’s stock valued at $249,000 after buying an additional 652 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of NV5 Global by 13.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,371 shares of the business services provider’s stock valued at $272,000 after buying an additional 752 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of NV5 Global by 6.7% during the 2nd quarter. Teachers Advisors LLC now owns 13,727 shares of the business services provider’s stock valued at $583,000 after buying an additional 861 shares in the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.

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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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