NV5 Global, Inc. (NASDAQ:NVEE) VP Sells $293,186.00 in Stock

NV5 Global, Inc. (NASDAQ:NVEE) VP Richard Tong sold 3,119 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total transaction of $293,186.00. Following the transaction, the vice president now owns 16,288 shares in the company, valued at $1,531,072. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NV5 Global Trading Down 2.0 %

Shares of NASDAQ NVEE opened at $90.05 on Friday. The company’s 50 day simple moving average is $93.49 and its 200 day simple moving average is $100.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a fifty-two week low of $88.56 and a fifty-two week high of $119.56. The firm has a market capitalization of $1.45 billion, a P/E ratio of 35.59, a P/E/G ratio of 1.21 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The company had revenue of $213.40 million during the quarter, compared to the consensus estimate of $208.42 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that NV5 Global, Inc. will post 5.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVEE. TheStreet cut shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Roth Mkm reiterated a “buy” rating and issued a $128.00 price objective (up from $121.00) on shares of NV5 Global in a research report on Thursday, May 9th.

Hedge Funds Weigh In On NV5 Global

Several institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund boosted its stake in NV5 Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider’s stock worth $728,000 after acquiring an additional 137 shares during the last quarter. Tandem Investment Advisors Inc. raised its holdings in NV5 Global by 4.1% in the fourth quarter. Tandem Investment Advisors Inc. now owns 3,539 shares of the business services provider’s stock worth $393,000 after purchasing an additional 139 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of NV5 Global by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider’s stock worth $1,091,000 after purchasing an additional 145 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of NV5 Global by 1.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 15,798 shares of the business services provider’s stock valued at $1,548,000 after buying an additional 155 shares during the period. Finally, Renaissance Group LLC increased its position in shares of NV5 Global by 1.3% in the 3rd quarter. Renaissance Group LLC now owns 13,548 shares of the business services provider’s stock valued at $1,304,000 after buying an additional 176 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.