NV5 Global (NASDAQ:NVEE) Raised to “Buy” at StockNews.com

NV5 Global (NASDAQ:NVEE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, Robert W. Baird decreased their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

NV5 Global Price Performance

Shares of NASDAQ:NVEE opened at $18.82 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.22 billion, a PE ratio of 33.46, a PEG ratio of 3.21 and a beta of 1.19. The company’s fifty day moving average is $21.93 and its 200 day moving average is $22.96. NV5 Global has a 52 week low of $18.59 and a 52 week high of $28.75.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in NV5 Global in the second quarter valued at $44,000. Blue Trust Inc. increased its position in shares of NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after buying an additional 632 shares during the period. Net Worth Advisory Group bought a new position in NV5 Global in the third quarter worth about $211,000. Handelsbanken Fonder AB lifted its holdings in NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after buying an additional 500 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in NV5 Global during the 2nd quarter valued at approximately $307,000. 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.