Seaport Global Securities reiterated their buy rating on shares of NV5 Global, Inc. (NASDAQ:NVEE) in a research note released on Wednesday. They currently have a $61.00 target price on the business services provider’s stock. Seaport Global Securities also issued estimates for NV5 Global’s FY2019 earnings at $3.19 EPS.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of NV5 Global from a buy rating to a hold rating in a report on Wednesday, October 4th. ValuEngine cut shares of NV5 Global from a buy rating to a hold rating in a report on Monday, October 2nd. BidaskClub cut shares of NV5 Global from a buy rating to a hold rating in a report on Wednesday, July 19th. Finally, Sidoti began coverage on shares of NV5 Global in a report on Wednesday, July 5th. They set a neutral rating and a $45.00 price target for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. NV5 Global presently has an average rating of Hold and a consensus target price of $51.75.

Shares of NV5 Global (NASDAQ NVEE) traded up 1.12% during trading on Wednesday, hitting $54.35. The company had a trading volume of 57,212 shares. The stock’s 50-day moving average is $50.76 and its 200 day moving average is $42.51. The firm has a market capitalization of $552.79 million, a P/E ratio of 43.38 and a beta of 1.44. NV5 Global has a 52-week low of $24.57 and a 52-week high of $56.70.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. Equities research analysts predict that NV5 Global will post $2.29 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. increased its holdings in 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 in the last quarter. Bank of America Corp DE increased its holdings in 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 in the last quarter. Nationwide Fund Advisors increased its holdings in 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 in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in NV5 Global in the first quarter valued at about $203,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in NV5 Global by 512.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock valued at $208,000 after buying an additional 4,100 shares in the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

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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