NV5 Global (NASDAQ:NVEE) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Several other brokerages also recently weighed in on NVEE. ValuEngine downgraded NV5 Global from a buy rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded NV5 Global from a strong-buy rating to a hold rating in a research report on Wednesday, July 10th. Maxim Group reaffirmed a buy rating and set a $85.00 price target on shares of NV5 Global in a research report on Wednesday, June 5th. Finally, Roth Capital cut their price target on NV5 Global from $96.00 to $91.00 and set a buy rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $88.25.

Shares of NVEE opened at $61.06 on Tuesday. The business’s 50-day moving average is $78.64 and its two-hundred day moving average is $72.58. The company has a market capitalization of $859.79 million, a P/E ratio of 18.85, a P/E/G ratio of 0.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.66 and a current ratio of 2.66. NV5 Global has a fifty-two week low of $51.46 and a fifty-two week high of $96.70.



NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. The company had revenue of $127.97 million for the quarter, compared to the consensus estimate of $127.57 million. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Analysts forecast that NV5 Global will post 3.8 EPS for the current year.

In other news, Chairman Dickerson Wright sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $82.17, for a total transaction of $1,232,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Alexander A. Hockman sold 6,464 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $79.30, for a total value of $512,595.20. Following the sale, the chief operating officer now owns 204,716 shares in the company, valued at $16,233,978.80. The disclosure for this sale can be found here. Insiders have sold a total of 27,964 shares of company stock worth $2,261,680 over the last ninety days. 19.62% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of NVEE. Steward Partners Investment Advisory LLC acquired a new stake in shares of NV5 Global during the 2nd quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NV5 Global by 43.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 603 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 183 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of NV5 Global during the 2nd quarter valued at about $44,000. Bank of Montreal Can grew its position in shares of NV5 Global by 1,050.6% during the 2nd quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 851 shares during the period. Finally, Advisor Group Inc. grew its position in shares of NV5 Global by 49.2% during the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 61.72% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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