NV5 Global Inc (NVEE) Given Average Rating of “Hold” by Analysts

Shares of NV5 Global Inc (NASDAQ:NVEE) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $58.00.

Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of NV5 Global from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Lake Street Capital raised their target price on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Roth Capital raised their target price on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 9th.

In other NV5 Global news, Director Tardan Francois sold 3,684 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $187,810.32. Following the transaction, the director now directly owns 4,465 shares in the company, valued at $227,625.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael P. Rama sold 1,800 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $55.20, for a total transaction of $99,360.00. Following the completion of the transaction, the chief financial officer now owns 29,949 shares in the company, valued at $1,653,184.80. The disclosure for this sale can be found here. Insiders sold 7,684 shares of company stock worth $405,970 over the last quarter. Insiders own 26.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVEE. Bank of New York Mellon Corp raised its position in NV5 Global by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 30,356 shares of the business services provider’s stock worth $1,290,000 after acquiring an additional 4,340 shares during the period. Wells Fargo & Company MN raised its position in NV5 Global by 2.5% in the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after acquiring an additional 126 shares during the period. Alliancebernstein L.P. bought a new position in NV5 Global in the second quarter worth approximately $238,000. Teachers Advisors LLC raised its position in NV5 Global by 6.7% in the second quarter. Teachers Advisors LLC now owns 13,727 shares of the business services provider’s stock worth $583,000 after acquiring an additional 861 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in NV5 Global by 8.8% in the second quarter. TIAA CREF Investment Management LLC now owns 20,816 shares of the business services provider’s stock worth $885,000 after acquiring an additional 1,683 shares during the period. Institutional investors and hedge funds own 55.06% of the company’s stock.

Shares of NV5 Global (NVEE) opened at $40.65 on Tuesday. NV5 Global has a fifty-two week low of $34.25 and a fifty-two week high of $58.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a market cap of $454.61, a P/E ratio of 27.65, a P/E/G ratio of 0.79 and a beta of 1.17.

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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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