NV5 Global, Inc. (NASDAQ:NVEE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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 analysts have also recently issued reports on the stock. BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Sidoti assumed coverage on shares of NV5 Global in a research note on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.50.

NV5 Global (NVEE) traded down 0.63% on Friday, hitting $47.65. 25,871 shares of the stock traded hands. The firm has a market cap of $484.65 million, a price-to-earnings ratio of 38.03 and a beta of 1.42. The stock has a 50-day moving average of $43.72 and a 200-day moving average of $39.88. NV5 Global has a 12-month low of $24.57 and a 12-month high of $49.75.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The company had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million. Analysts forecast that NV5 Global will post $2.31 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the company. Ashford Capital Management Inc. grew its holdings in shares of NV5 Global by 2.9% in the 2nd quarter. Ashford Capital Management Inc. now owns 180,550 shares of the business services provider’s stock worth $7,673,000 after purchasing an additional 5,090 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of NV5 Global by 13.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,371 shares of the business services provider’s stock worth $272,000 after purchasing an additional 752 shares during the last quarter. State Street Corp grew its holdings in shares of NV5 Global by 13.9% in the 2nd quarter. State Street Corp now owns 127,923 shares of the business services provider’s stock worth $5,438,000 after purchasing an additional 15,601 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of NV5 Global by 2.9% in the 2nd quarter. Royal Bank of Canada now owns 39,366 shares of the business services provider’s stock worth $1,673,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NV5 Global by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 348,217 shares of the business services provider’s stock worth $14,799,000 after purchasing an additional 72,288 shares during the last quarter. Institutional investors own 55.53% of the company’s stock.

NV5 Global Company Profile

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 in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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