NV5 Global (NASDAQ:NVEE) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a report published on Saturday.

Separately, Roth Mkm reissued 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 Performance

NASDAQ:NVEE opened at $23.52 on Friday. The stock has a 50-day simple moving average of $84.54 and a two-hundred day simple moving average of $91.07. NV5 Global has a 52-week low of $21.76 and a 52-week high of $28.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $379.75 million, a PE ratio of 9.30, a P/E/G ratio of 1.29 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The business had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. During the same quarter in the previous year, the company posted $1.29 earnings per share. NV5 Global’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts forecast that NV5 Global will post 1.28 EPS for the current year.

Insider Activity

In other news, Director Tardan Francois sold 1,661 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the transaction, the director now directly owns 5,150 shares in the company, valued at $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On NV5 Global

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of NV5 Global by 0.8% in the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after buying an additional 8,032 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after buying an additional 39,350 shares in the last quarter. American Century Companies Inc. lifted its position in shares of NV5 Global by 16.6% in the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after buying an additional 65,186 shares in the last quarter. Swedbank AB lifted its position in shares of NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after buying an additional 75,000 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of NV5 Global by 10.8% in the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock worth $17,810,000 after buying an additional 18,625 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

About NV5 Global

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.