NV5 Global, Inc. (NVEE) Given Buy Rating at Seaport Global Securities
NV5 Global, Inc. (NASDAQ:NVEE)‘s stock had its “buy” rating reissued by analysts at Seaport Global Securities in a research note issued on Wednesday. They presently have a $61.00 price objective on the business services provider’s stock. Seaport Global Securities’ price objective would indicate a potential upside of 13.49% from the stock’s current price.
A number of other brokerages have also weighed in on NVEE. Zacks Investment Research lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. BidaskClub lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sidoti initiated coverage on shares of NV5 Global in a research report on Wednesday, July 5th. They set a “neutral” rating and a $45.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. NV5 Global has an average rating of “Hold” and a consensus target price of $51.75.
Shares of NV5 Global (NASDAQ:NVEE) traded down 1.56% on Wednesday, reaching $53.75. 69,715 shares of the company’s stock traded hands. The stock has a market cap of $546.69 million, a price-to-earnings ratio of 42.90 and a beta of 1.44. NV5 Global has a 52-week low of $24.57 and a 52-week high of $56.70. The firm’s 50-day moving average is $50.76 and its 200-day moving average is $42.51.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The firm had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. Analysts anticipate that NV5 Global will post $2.31 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. S Squared Technology LLC lifted its position in NV5 Global by 17.9% during the second quarter. S Squared Technology LLC now owns 57,165 shares of the business services provider’s stock valued at $2,430,000 after purchasing an additional 8,667 shares during the last quarter. Pier Capital LLC bought a new position in NV5 Global during the second quarter valued at $4,954,000. Vanguard Group Inc. lifted its position in NV5 Global by 5.4% during the first quarter. Vanguard Group Inc. now owns 313,943 shares of the business services provider’s stock valued at $11,804,000 after purchasing an additional 16,034 shares during the last quarter. Russell Investments Group Ltd. lifted its position in NV5 Global by 51.2% during the second quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock valued at $17,686,000 after purchasing an additional 140,830 shares during the last quarter. Finally, Emerald Advisers Inc. PA lifted its position in NV5 Global by 6.7% during the second quarter. Emerald Advisers Inc. PA now owns 163,435 shares of the business services provider’s stock valued at $6,946,000 after purchasing an additional 10,282 shares during the last quarter. Institutional investors and hedge funds own 55.54% 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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