NV5 Global (NVEE) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $70.00 target price on the business services provider’s stock.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
A number of other research firms have also weighed in on NVEE. BidaskClub lowered shares of NV5 Global from a strong-buy rating to a buy rating in a research report on Thursday, September 27th. Maxim Group set a $110.00 price objective on shares of NV5 Global and gave the company a buy rating in a report on Monday, November 5th. Bank of America began coverage on shares of NV5 Global in a report on Tuesday, November 13th. They set a hold rating and a $95.00 price objective on the stock. Finally, ValuEngine raised shares of NV5 Global from a sell rating to a hold rating in a report on Wednesday, January 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $92.57.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. The business had revenue of $104.19 million during the quarter, compared to the consensus estimate of $104.50 million. During the same period in the previous year, the business posted $0.75 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that NV5 Global will post 3.32 EPS for the current year.
In other NV5 Global news, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $72.94, for a total value of $729,400.00. Following the completion of the transaction, the chief operating officer now owns 246,783 shares in the company, valued at $18,000,352.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Donald C. Alford sold 7,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $64.59, for a total transaction of $452,130.00. Following the completion of the transaction, the vice president now owns 47,016 shares of the company’s stock, valued at approximately $3,036,763.44. The disclosure for this sale can be found here. Insiders have sold 27,000 shares of company stock valued at $1,910,230 over the last 90 days. 25.07% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NVEE. Janus Henderson Group PLC acquired a new position in shares of NV5 Global during the 3rd quarter worth about $13,271,000. Castleark Management LLC purchased a new stake in NV5 Global during the 3rd quarter valued at about $9,633,000. BlackRock Inc. grew its stake in NV5 Global by 18.6% during the 3rd quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock valued at $57,859,000 after acquiring an additional 104,447 shares in the last quarter. Vanguard Group Inc. grew its stake in NV5 Global by 20.6% during the 3rd quarter. Vanguard Group Inc. now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after acquiring an additional 77,550 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in NV5 Global by 20.6% during the 3rd quarter. Vanguard Group Inc now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after acquiring an additional 77,550 shares in the last quarter. Hedge funds and other institutional investors own 61.95% of the company’s stock.
NV5 Global Company Profile
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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