NV5 Holdings Inc. (NVEE) Rating Lowered 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 to clients and investors 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. “
A number of other equities research analysts also recently issued reports on NVEE. Seaport Global Securities upgraded shares of NV5 Holdings from an “accumulate” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday, September 19th. Singular Research initiated coverage on shares of NV5 Holdings in a research report on Friday, July 22nd. They set a “buy” rating and a $39.00 price target for the company.
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Shares of NV5 Holdings (NASDAQ:NVEE) opened at 31.46 on Tuesday. NV5 Holdings has a 52-week low of $15.00 and a 52-week high of $37.00. The stock has a market capitalization of $276.63 million, a price-to-earnings ratio of 24.67 and a beta of 1.41. The stock has a 50 day moving average price of $31.34 and a 200-day moving average price of $29.32.
NV5 Holdings (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The firm earned $57.10 million during the quarter, compared to the consensus estimate of $58.90 million. NV5 Holdings had a net margin of 5.52% and a return on equity of 13.13%. On average, equities research analysts predict that NV5 Holdings will post $1.66 EPS for the current fiscal year.
In other news, CFO Michael P. Rama sold 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $35.22, for a total transaction of $36,840.12. Following the completion of the transaction, the chief financial officer now directly owns 29,486 shares of the company’s stock, valued at approximately $1,038,496.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Alexander A. Hockman sold 4,000 shares of NV5 Holdings stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $31.60, for a total transaction of $126,400.00. Following the completion of the sale, the chief operating officer now directly owns 264,799 shares of the company’s stock, valued at $8,367,648.40. The disclosure for this sale can be found here. Insiders own 32.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in NVEE. William Blair Investment Management LLC purchased a new stake in NV5 Holdings during the second quarter valued at approximately $4,117,000. Emerald Acquisition Ltd. purchased a new stake in NV5 Holdings during the second quarter valued at approximately $3,586,000. Cortina Asset Management LLC purchased a new stake in NV5 Holdings during the second quarter valued at approximately $3,466,000. Vanguard Group Inc. boosted its stake in NV5 Holdings by 67.2% in the second quarter. Vanguard Group Inc. now owns 268,335 shares of the company’s stock valued at $7,631,000 after buying an additional 107,823 shares during the last quarter. Finally, Northpointe Capital LLC purchased a new stake in NV5 Holdings during the second quarter valued at approximately $2,554,000. 45.00% of the stock is owned by hedge funds and other institutional investors.
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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