NV5 Global (NASDAQ:NVEE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other research analysts have also weighed in on NVEE. ValuEngine lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seaport Global Securities restated a “buy” rating and set a $61.00 target price (up from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital upped their target price on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Lake Street Capital upped their target price on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.00.

NV5 Global (NASDAQ NVEE) opened at $52.10 on Thursday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a 1 year low of $33.60 and a 1 year high of $58.95. The firm has a market cap of $574.33, a PE ratio of 35.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, topping the 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 company had revenue of $91.26 million for the quarter, compared to analyst estimates of $103.15 million. equities analysts anticipate that NV5 Global will post 2.34 EPS for the current fiscal year.

In other news, VP Richard Tong sold 2,200 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total value of $118,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $187,810.32. Following the completion of the sale, the director now owns 4,465 shares in the company, valued at $227,625.70. The disclosure for this sale can be found here. Insiders sold 7,684 shares of company stock worth $405,970 over the last quarter. Company insiders own 26.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Pier Capital LLC grew its position in shares of NV5 Global by 8.3% in the third quarter. Pier Capital LLC now owns 126,195 shares of the business services provider’s stock valued at $6,897,000 after purchasing an additional 9,635 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NV5 Global by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock valued at $22,522,000 after purchasing an additional 63,889 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of NV5 Global by 66.6% in the third quarter. Wells Fargo & Company MN now owns 8,467 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 3,384 shares during the last quarter. Cadence Capital Management LLC grew its position in shares of NV5 Global by 5.1% in the third quarter. Cadence Capital Management LLC now owns 38,084 shares of the business services provider’s stock valued at $2,081,000 after purchasing an additional 1,847 shares during the last quarter. Finally, Axiom International Investors LLC DE lifted its stake in shares of NV5 Global by 2.0% during the third quarter. Axiom International Investors LLC DE now owns 82,957 shares of the business services provider’s stock valued at $4,534,000 after buying an additional 1,590 shares during the period. Institutional investors and hedge funds own 56.21% 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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