NV5 Holdings Inc. (NVEE) Cut to “Sell” at Zacks Investment Research
NV5 Holdings Inc. (NASDAQ:NVEE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
Several other analysts also recently weighed in on the company. Seaport Global Securities restated an “accumulate” rating on shares of NV5 Holdings in a research note on Thursday, August 4th. Singular Research initiated coverage on NV5 Holdings in a research note on Friday, July 22nd. They set a “buy” rating and a $39.00 target price for the company.
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NV5 Holdings (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The company earned $57.10 million during the quarter, compared to the consensus estimate of $58.90 million. NV5 Holdings had a return on equity of 13.13% and a net margin of 5.52%.
In other NV5 Holdings news, CFO Michael P. Rama sold 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $35.22, for a total value of $36,840.12. Following the completion of the sale, the chief financial officer now owns 29,486 shares in the company, valued at approximately $1,038,496.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Tong sold 3,566 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $34.08, for a total value of $121,529.28. Following the completion of the sale, the vice president now owns 40,219 shares of the company’s stock, valued at approximately $1,370,663.52. The disclosure for this sale can be found here. Corporate insiders own 32.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. American International Group Inc. boosted its position in shares of NV5 Holdings by 41.1% in the second quarter. American International Group Inc. now owns 4,224 shares of the company’s stock worth $120,000 after buying an additional 1,231 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of NV5 Holdings by 46.0% in the second quarter. Nationwide Fund Advisors now owns 4,786 shares of the company’s stock worth $136,000 after buying an additional 1,507 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of NV5 Holdings during the first quarter worth about $138,000. Metropolitan Life Insurance Co. NY bought a new position in shares of NV5 Holdings during the second quarter worth about $167,000. Finally, BlackRock Inc. boosted its position in shares of NV5 Holdings by 3,449.8% in the second quarter. BlackRock Inc. now owns 8,200 shares of the company’s stock worth $233,000 after buying an additional 7,969 shares during the last quarter. Institutional investors own 45.00% of the company’s stock.
About NV5 Holdings
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients. The Company’s operations are organized into three segments: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM).
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