Roth Capital Reaffirms Buy Rating for NV5 Global (NASDAQ:NVEE)

Roth Capital restated their buy rating on shares of NV5 Global (NASDAQ:NVEE) in a research note published on Monday morning, TipRanks reports. The firm currently has a $91.00 target price on the business services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of NV5 Global from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Saturday, January 4th. BidaskClub raised shares of NV5 Global from a buy rating to a strong-buy rating in a report on Thursday, January 30th. Maxim Group reissued a buy rating and issued a $85.00 target price on shares of NV5 Global in a report on Sunday, February 9th. Lake Street Capital dropped their target price on shares of NV5 Global from $98.00 to $86.00 and set a buy rating for the company in a report on Friday, November 8th. Finally, TheStreet cut shares of NV5 Global from a b- rating to a c+ rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. NV5 Global presently has a consensus rating of Buy and an average price target of $80.00.

Shares of NV5 Global stock opened at $64.12 on Monday. The company has a market capitalization of $829.01 million, a price-to-earnings ratio of 28.88, a PEG ratio of 0.69 and a beta of 1.14. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.21. NV5 Global has a 12-month low of $44.58 and a 12-month high of $85.60. The firm’s 50-day moving average price is $57.15 and its two-hundred day moving average price is $61.44.

In other news, Director Tardan Francois sold 4,203 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $48.01, for a total value of $201,786.03. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at $144,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.62% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. PSI Advisors LLC bought a new position in NV5 Global in the 4th quarter valued at approximately $25,000. Cutler Group LP bought a new position in NV5 Global in the 3rd quarter valued at approximately $47,000. Great West Life Assurance Co. Can bought a new position in NV5 Global in the 4th quarter valued at approximately $36,000. Bank of Montreal Can raised its holdings in NV5 Global by 36.0% in the 4th quarter. Bank of Montreal Can now owns 1,356 shares of the business services provider’s stock valued at $69,000 after buying an additional 359 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in NV5 Global by 89.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,624 shares of the business services provider’s stock valued at $82,000 after buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 60.89% of the company’s stock.

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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