NV5 Global (NVEE) Upgraded to Strong-Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a strong-buy rating in a report published on Wednesday morning. The firm currently has $62.00 price objective 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. “
Separately, BidaskClub upgraded NV5 Global from a hold rating to a buy rating in a report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $58.80.
NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $93.98 million for the quarter, compared to analysts’ expectations of $96.35 million. NV5 Global had a return on equity of 16.44% and a net margin of 7.21%. equities research analysts forecast that NV5 Global will post 3.07 earnings per share for the current year.
In other NV5 Global news, Chairman Dickerson Wright sold 10,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $54.51, for a total transaction of $545,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 26.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake 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 worth $160,000 after purchasing an additional 1,623 shares during the period. Advisor Group Inc. lifted its stake in shares of NV5 Global by 6,792.0% during the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock worth $187,000 after purchasing an additional 3,396 shares during the period. Victory Capital Management Inc. lifted its stake 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 worth $200,000 after purchasing an additional 3,088 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of NV5 Global during the 4th quarter worth $215,000. Finally, Wells Fargo & Company MN lifted its stake 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 worth $216,000 after purchasing an additional 126 shares during the period. 56.52% of the stock is currently owned by institutional investors.
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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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