NV5 Holdings Inc. (NVEE) Rating Lowered to Sell at Zacks Investment Research
NV5 Holdings Inc. (NASDAQ:NVEE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
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. “
NVEE has been the subject of several other reports. Seaport Global Securities reiterated an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th. Singular Research started coverage on NV5 Holdings in a research note on Friday, July 22nd. They set a “buy” rating and a $39.00 price objective for the company.
NV5 Holdings (NASDAQ:NVEE) opened at 31.46 on Tuesday. The firm’s 50-day moving average price is $31.34 and its 200 day moving average price is $29.32. The stock has a market capitalization of $276.63 million, a P/E ratio of 24.67 and a beta of 1.41. NV5 Holdings has a 12-month low of $15.00 and a 12-month high of $37.00.
NV5 Holdings (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. NV5 Holdings had a return on equity of 13.13% and a net margin of 5.52%. The company earned $57.10 million during the quarter, compared to analyst estimates of $58.90 million. On average, equities analysts anticipate that NV5 Holdings will post $1.66 EPS for the current year.
In other news, VP Richard Tong sold 3,566 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $34.08, for a total value of $121,529.28. Following the completion of the sale, the vice president now directly owns 40,219 shares in the company, valued at $1,370,663.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael P. Rama sold 1,046 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $35.22, for a total value of $36,840.12. Following the completion of the sale, the chief financial officer now owns 29,486 shares of the company’s stock, valued at $1,038,496.92. The disclosure for this sale can be found here. 32.90% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Cortina Asset Management LLC bought a new stake in NV5 Holdings during the second quarter worth about $3,466,000. Royce & Associates LP raised its stake in NV5 Holdings by 3.4% in the second quarter. Royce & Associates LP now owns 301,885 shares of the company’s stock worth $8,586,000 after buying an additional 10,000 shares during the period. AWM Investment Company Inc. raised its stake in NV5 Holdings by 93.8% in the second quarter. AWM Investment Company Inc. now owns 77,500 shares of the company’s stock worth $2,204,000 after buying an additional 37,500 shares during the period. State Street Corp raised its stake in NV5 Holdings by 25.3% in the first quarter. State Street Corp now owns 57,038 shares of the company’s stock worth $1,529,000 after buying an additional 11,505 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new stake in NV5 Holdings during the first quarter worth about $138,000. Institutional investors and hedge funds own 45.00% of the company’s stock.
About NV5 Holdings
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. The Company’s operations are organized into three segments: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM).
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