NV5 Global Inc (NASDAQ:NVEE) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.00.

NVEE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Lake Street Capital increased their price objective on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Roth Capital increased their price objective on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $61.00 price objective (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th.

Shares of NV5 Global (NVEE) traded down $0.55 during trading on Thursday, hitting $54.90. 78,313 shares of the stock were exchanged, compared to its average volume of 59,024. NV5 Global has a 12 month low of $33.10 and a 12 month high of $58.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54. The company has a market cap of $592.15, a P/E ratio of 25.65, a PEG ratio of 1.18 and a beta of 1.39.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.05. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. The company had revenue of $91.26 million during the quarter, compared to the consensus estimate of $103.15 million. equities analysts predict that NV5 Global will post 2.34 earnings per share for the current year.

In related news, VP Richard Tong sold 2,200 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total value of $118,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tardan Francois sold 3,684 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the completion of the transaction, the director now directly owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The disclosure for this sale can be found here. 26.00% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in shares of NV5 Global by 123.5% during the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock valued at $160,000 after acquiring an additional 1,623 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of NV5 Global by 536.1% during the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 3,088 shares during the last quarter. Simplex Trading LLC raised its stake in shares of NV5 Global by 1,972.5% during the third quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 3,807 shares during the last quarter. American International Group Inc. raised its stake in shares of NV5 Global by 7.1% during the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 301 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of NV5 Global by 129.0% during 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 acquiring an additional 2,586 shares during the last quarter. 56.21% of the stock is owned by institutional investors and hedge funds.

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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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