NV5 Global’s (NVEE) Buy Rating Reiterated at Roth Mkm

NV5 Global (NASDAQ:NVEE)‘s stock had its “buy” rating reaffirmed by stock analysts at Roth Mkm in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $128.00 price target on the business services provider’s stock, up from their previous price target of $121.00. Roth Mkm’s price target would indicate a potential upside of 34.77% from the company’s previous close.

A number of other analysts have also recently commented on the stock. TheStreet cut shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.

NV5 Global Price Performance

NVEE stock traded up $1.00 during midday trading on Thursday, reaching $94.98. The company had a trading volume of 1,869 shares, compared to its average volume of 72,750. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The stock has a 50 day moving average price of $95.99 and a 200-day moving average price of $100.93. NV5 Global has a 1-year low of $88.56 and a 1-year high of $119.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.06 and a quick ratio of 2.06.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The company had revenue of $213.40 million for the quarter, compared to the consensus estimate of $208.42 million. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that NV5 Global will post 5.02 earnings per share for the current year.

Insider Activity

In related news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the sale, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the sale, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donald C. Alford sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the sale, the vice president now owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On NV5 Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVEE. YHB Investment Advisors Inc. bought a new position in shares of NV5 Global during the 1st quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new position in shares of NV5 Global during the 4th quarter valued at approximately $36,000. Quantbot Technologies LP bought a new position in shares of NV5 Global during the 3rd quarter valued at approximately $68,000. Cim LLC bought a new position in shares of NV5 Global during the 4th quarter valued at approximately $206,000. Finally, SG Americas Securities LLC bought a new position in shares of NV5 Global during the 1st quarter valued at approximately $228,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.