FY2024 EPS Estimates for NV5 Global Reduced by William Blair

NV5 Global, Inc. (NASDAQ:NVEE - Free Report) - Research analysts at William Blair decreased their FY2024 earnings per share estimates for shares of NV5 Global in a research report issued on Friday, November 8th. William Blair analyst T. Mulrooney now expects that the business services provider will earn $1.20 per share for the year, down from their previous estimate of $1.26. The consensus estimate for NV5 Global's current full-year earnings is $1.19 per share. William Blair also issued estimates for NV5 Global's Q2 2025 earnings at $0.29 EPS, FY2025 earnings at $1.30 EPS and FY2026 earnings at $1.41 EPS.

Several other analysts have also recently weighed in on the company. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a report on Saturday, October 19th. Roth Mkm restated a "buy" rating and issued a $32.50 price objective (up from $32.00) on shares of NV5 Global in a report on Thursday, August 8th. Finally, Robert W. Baird reduced their price objective on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday.

NV5 Global Trading Up 1.7 %

Shares of NVEE stock traded up $0.40 on Monday, reaching $23.75. 405,488 shares of the stock were exchanged, compared to its average volume of 331,467. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. NV5 Global has a one year low of $21.54 and a one year high of $28.75. The stock has a market cap of $1.55 billion, a PE ratio of 41.51, a P/E/G ratio of 1.29 and a beta of 1.17. The stock has a 50 day moving average price of $23.07 and a 200 day moving average price of $23.49.

Insider Buying and Selling

In related news, Director Tardan Francois sold 6,644 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $24.08, for a total transaction of $159,987.52. Following the sale, the director now owns 20,600 shares of the company's stock, valued at approximately $496,048. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.40% of the stock is owned by insiders.

Institutional Investors Weigh In On NV5 Global

Several large investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in shares of NV5 Global in the second quarter valued at approximately $44,000. Blue Trust Inc. grew its holdings in NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider's stock worth $60,000 after purchasing an additional 632 shares during the period. Net Worth Advisory Group bought a new stake in NV5 Global in the 3rd quarter valued at $211,000. SG Americas Securities LLC bought a new position in shares of NV5 Global in the 1st quarter valued at $228,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of NV5 Global by 11.5% in the first quarter. Janney Montgomery Scott LLC now owns 2,724 shares of the business services provider's stock valued at $267,000 after buying an additional 281 shares during the period. Institutional investors own 75.54% of the company's stock.

About NV5 Global

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.