NV5 Global, Inc. (NVEE) Now Covered by Analysts at Sidoti
Stock analysts at Sidoti started coverage on shares of NV5 Global, Inc. (NASDAQ:NVEE) in a research note issued to investors on Wednesday, July 5th, MarketBeat.com reports. The brokerage set a “neutral” rating and a $45.00 price target on the business services provider’s stock. Sidoti’s price objective indicates a potential upside of 9.76% from the stock’s previous close.
Several other equities analysts have also recently weighed in on NVEE. Zacks Investment Research upgraded NV5 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Lake Street Capital assumed coverage on NV5 Global in a research report on Tuesday, March 21st. They issued a “buy” rating and a $47.00 price target for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. NV5 Global currently has a consensus rating of “Buy” and a consensus price target of $42.00.
NV5 Global (NASDAQ:NVEE) traded down 0.73% during midday trading on Wednesday, hitting $41.00. The stock had a trading volume of 21,761 shares. NV5 Global has a 1-year low of $24.57 and a 1-year high of $44.10. The firm has a 50-day moving average price of $39.00 and a 200-day moving average price of $37.77. The firm has a market capitalization of $413.36 million, a price-to-earnings ratio of 35.22 and a beta of 1.47.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, May 4th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $64.06 million during the quarter, compared to the consensus estimate of $69.75 million. NV5 Global had a return on equity of 11.52% and a net margin of 4.86%. On average, equities research analysts anticipate that NV5 Global will post $2.22 earnings per share for the current year.
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In related news, VP Maryjo O’brien sold 2,000 shares of NV5 Global stock in a transaction on Monday, April 17th. The stock was sold at an average price of $36.52, for a total transaction of $73,040.00. Following the completion of the sale, the vice president now owns 68,468 shares of the company’s stock, valued at $2,500,451.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.00% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. American International Group Inc. raised its stake in shares of NV5 Global by 7.1% in the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after buying an additional 301 shares during the period. Bank of America Corp DE raised its stake in shares of NV5 Global by 129.0% in the first quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock valued at $173,000 after buying an additional 2,586 shares during the period. Nationwide Fund Advisors raised its stake in shares of NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock valued at $195,000 after buying an additional 232 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of NV5 Global during the first quarter valued at about $203,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of NV5 Global during the second quarter valued at about $222,000. 54.72% of the stock is owned by hedge funds and other institutional investors.
NV5 Global Company Profile
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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