BidaskClub upgraded shares of NV5 Global (NASDAQ:NVEE) from a sell rating to a hold rating in a report issued on Wednesday.

Several other research firms have also recently issued reports on NVEE. Zacks Investment Research cut shares of NV5 Global from a buy rating to a hold rating in a research note on Wednesday, October 4th. 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. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $58.00.

Shares of NV5 Global (NASDAQ NVEE) opened at $48.00 on Wednesday. The company has a market cap of $517.73, a P/E ratio of 22.43, a P/E/G ratio of 0.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54. NV5 Global has a 52 week low of $34.25 and a 52 week high of $58.95.

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. research analysts predict that NV5 Global will post 2.34 earnings per share for the current fiscal year.

In other NV5 Global news, Director Tardan Francois sold 3,684 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $187,810.32. Following the sale, the director now directly owns 4,465 shares in the company, valued at approximately $227,625.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael P. Rama sold 1,800 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $55.20, for a total transaction of $99,360.00. Following the sale, the chief financial officer now owns 29,949 shares in the company, valued at approximately $1,653,184.80. The disclosure for this sale can be found here. Insiders sold a total of 7,684 shares of company stock worth $405,970 over the last quarter. Corporate insiders own 26.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of NVEE. Sei Investments Co. raised its position in shares of NV5 Global by 123.5% during the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock valued at $160,000 after buying an additional 1,623 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of NV5 Global by 536.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after buying an additional 3,088 shares in the last quarter. 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. Simplex Trading LLC raised its position in shares of NV5 Global by 1,972.5% during the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after buying an additional 3,807 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of NV5 Global during the 2nd quarter valued at $238,000. Hedge funds and other institutional investors own 56.16% of the company’s stock.

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NV5 Global Company Profile

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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