NV5 Global, Inc. (NASDAQ:NVEE) Given Consensus Rating of “Hold” by Brokerages

NV5 Global, Inc. (NASDAQ:NVEE) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.67.

Several research analysts have issued reports on NVEE shares. CJS Securities lowered NV5 Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 10th. William Blair reiterated a “market perform” rating on shares of NV5 Global in a report on Thursday, May 15th. Roth Mkm increased their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Lake Street Capital lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Sidoti raised shares of NV5 Global to a “hold” rating in a research note on Friday, May 16th.

Hedge Funds Weigh In On NV5 Global

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in NV5 Global by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,826 shares of the business services provider’s stock valued at $6,760,000 after acquiring an additional 15,861 shares in the last quarter. Petrus Trust Company LTA lifted its position in shares of NV5 Global by 23.3% during the first quarter. Petrus Trust Company LTA now owns 13,884 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 2,624 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NV5 Global by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,963 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 1,453 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of NV5 Global during the first quarter valued at about $387,000. Finally, Advisors Asset Management Inc. lifted its position in shares of NV5 Global by 12.0% during the 1st quarter. Advisors Asset Management Inc. now owns 172,373 shares of the business services provider’s stock worth $3,322,000 after buying an additional 18,404 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Stock Down 0.6%

Shares of NV5 Global stock opened at $22.95 on Friday. NV5 Global has a one year low of $14.75 and a one year high of $26.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50-day moving average is $19.77 and its 200 day moving average is $19.03. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 1.46 and a beta of 1.14.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. Equities research analysts anticipate that NV5 Global will post 1.26 EPS for the current year.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.