NV5 Global (NVEE) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of NV5 Global (NASDAQ: NVEE) in the last few weeks:

  • 1/9/2020 – NV5 Global had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $85.00 price target on the stock.
  • 1/8/2020 – NV5 Global was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/7/2020 – NV5 Global had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $91.00 price target on the stock.
  • 1/4/2020 – NV5 Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the 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. “
  • 12/21/2019 – NV5 Global was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/16/2019 – NV5 Global was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 11/13/2019 – NV5 Global was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of NV5 Global stock traded up $0.01 during trading on Thursday, hitting $54.70. 3,957 shares of the company were exchanged, compared to its average volume of 168,568. The firm has a market capitalization of $713.11 million, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. NV5 Global Inc has a 1-year low of $44.58 and a 1-year high of $85.60. The firm’s fifty day moving average price is $48.39 and its 200 day moving average price is $65.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 2.54.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.26). NV5 Global had a return on equity of 12.95% and a net margin of 5.66%. The company had revenue of $131.03 million for the quarter, compared to analyst estimates of $139.05 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. NV5 Global’s quarterly revenue was up 25.8% compared to the same quarter last year. As a group, equities research analysts anticipate that NV5 Global Inc will post 3.26 earnings per share for the current year.

In other news, Director Tardan Francois sold 4,203 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $48.01, for a total transaction of $201,786.03. Following the sale, the director now owns 3,000 shares in the company, valued at approximately $144,030. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.82, for a total value of $718,200.00. Following the sale, the chief operating officer now owns 176,837 shares in the company, valued at approximately $12,700,433.34. The disclosure for this sale can be found here. Insiders sold a total of 41,203 shares of company stock worth $2,892,196 in the last 90 days. Company insiders own 19.62% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. raised its stake in NV5 Global by 49.2% in the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 323 shares during the period. Envestnet Asset Management Inc. raised its stake in NV5 Global by 33.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,646 shares of the business services provider’s stock valued at $378,000 after acquiring an additional 1,173 shares during the period. JPMorgan Chase & Co. raised its stake in NV5 Global by 205.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,265 shares of the business services provider’s stock valued at $662,000 after acquiring an additional 5,560 shares during the period. Bank of Montreal Can grew its holdings in NV5 Global by 1,050.6% in the 2nd quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock valued at $76,000 after buying an additional 851 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in NV5 Global by 8.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 57,177 shares of the business services provider’s stock valued at $4,655,000 after buying an additional 4,320 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

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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