NV5 Global (NASDAQ:NVEE) Upgraded at StockNews.com

StockNews.com upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research note published on Friday morning.

Separately, Roth Mkm reaffirmed a buy rating and set a $130.00 price target (up previously from $128.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Stock Up 1.2 %

Shares of NASDAQ NVEE opened at $23.08 on Friday. NV5 Global has a 1 year low of $21.76 and a 1 year high of $28.75. The firm has a market capitalization of $372.65 million, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $91.77 and its 200-day moving average is $93.61.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. NV5 Global’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 EPS. Equities analysts expect that NV5 Global will post 5.12 EPS for the current year.

Insider Transactions at NV5 Global

In other NV5 Global news, Director Tardan Francois sold 1,661 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the completion of the sale, the director now directly owns 5,150 shares in the company, valued at $496,048. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NV5 Global

Several hedge funds have recently modified their holdings of NVEE. Vanguard Group Inc. lifted its stake in NV5 Global by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock valued at $105,617,000 after buying an additional 35,291 shares during the period. Swedbank AB raised its position in shares of NV5 Global by 37.5% during the 2nd quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock valued at $25,567,000 after buying an additional 75,000 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of NV5 Global by 439.1% during the 2nd quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock valued at $1,166,000 after buying an additional 10,213 shares in the last quarter. Tributary Capital Management LLC raised its position in NV5 Global by 10.8% in the 2nd quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock worth $17,810,000 after purchasing an additional 18,625 shares during the period. Finally, Edgestream Partners L.P. bought a new position in NV5 Global during the 1st quarter worth approximately $1,200,000. Institutional investors and hedge funds 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.