Tardan Francois Sells 4,203 Shares of NV5 Global Inc (NASDAQ:NVEE) Stock

NV5 Global Inc (NASDAQ:NVEE) Director Tardan Francois sold 4,203 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $48.01, for a total transaction of $201,786.03. Following the transaction, the director now owns 3,000 shares in the company, valued at $144,030. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ NVEE opened at $47.72 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a fifty day moving average price of $60.47 and a 200 day moving average price of $70.69. NV5 Global Inc has a 1-year low of $46.09 and a 1-year high of $85.60. The company has a market cap of $616.46 million, a PE ratio of 14.73, a P/E/G ratio of 0.74 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.26). NV5 Global had a return on equity of 12.95% and a net margin of 5.66%. The company had revenue of $131.03 million for the quarter, compared to analyst estimates of $139.05 million. During the same period in the prior year, the business earned $0.82 earnings per share. NV5 Global’s revenue for the quarter was up 25.8% compared to the same quarter last year. Analysts anticipate that NV5 Global Inc will post 3.26 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Capital Advisors LLC lifted its holdings in shares of NV5 Global by 0.5% during the third quarter. Anchor Capital Advisors LLC now owns 31,243 shares of the business services provider’s stock worth $2,133,000 after purchasing an additional 152 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of NV5 Global by 1.7% during the third quarter. Commonwealth Equity Services LLC now owns 9,342 shares of the business services provider’s stock worth $637,000 after purchasing an additional 159 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of NV5 Global by 3.4% during the second quarter. Conestoga Capital Advisors LLC now owns 5,130 shares of the business services provider’s stock worth $418,000 after purchasing an additional 170 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of NV5 Global by 3.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,291 shares of the business services provider’s stock worth $517,000 after purchasing an additional 200 shares during the period. Finally, Connors Investor Services Inc. lifted its holdings in shares of NV5 Global by 0.7% during the third quarter. Connors Investor Services Inc. now owns 34,244 shares of the business services provider’s stock worth $2,338,000 after purchasing an additional 223 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on NVEE shares. Maxim Group lowered their target price on shares of NV5 Global from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Roth Capital lowered their target price on shares of NV5 Global from $96.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of NV5 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Lake Street Capital lowered their target price on shares of NV5 Global from $98.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, BidaskClub lowered shares of NV5 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.00.

About NV5 Global

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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