NV5 Global Inc (NVEE) Receives Consensus Recommendation of “Hold” from Brokerages
NV5 Global Inc (NASDAQ:NVEE) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $58.00.
Several research firms have commented on NVEE. Seaport Global Securities reissued a “buy” rating and issued a $61.00 price objective (up from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. Zacks Investment Research lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Roth Capital raised their price objective on NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. BidaskClub lowered NV5 Global from a “hold” rating to a “sell” rating in a research report on Friday. Finally, ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
NV5 Global (NVEE) opened at $49.15 on Friday. NV5 Global has a fifty-two week low of $33.86 and a fifty-two week high of $58.95. The firm has a market capitalization of $530.11, a price-to-earnings ratio of 33.21, a P/E/G ratio of 0.92 and a beta of 1.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54.
In other news, VP Richard Tong sold 2,200 shares of NV5 Global stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total transaction of $118,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tardan Francois sold 3,684 shares of NV5 Global stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $50.98, for a total value of $187,810.32. Following the sale, the director now directly owns 4,465 shares in the company, valued at $227,625.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,684 shares of company stock worth $405,970. Corporate insiders own 26.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. grew its stake in NV5 Global by 123.5% in the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,623 shares in the last quarter. Victory Capital Management Inc. grew its stake in NV5 Global by 536.1% in the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after purchasing an additional 3,088 shares in the last quarter. Wells Fargo & Company MN grew its stake in NV5 Global by 2.5% in the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after purchasing an additional 126 shares in the last quarter. Simplex Trading LLC grew its stake in NV5 Global by 1,972.5% in the third quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock worth $218,000 after purchasing an additional 3,807 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in NV5 Global in the second quarter worth about $238,000. 56.21% of the stock is currently 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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