StockNews.com Downgrades NV5 Global (NASDAQ:NVEE) to Hold

NV5 Global (NASDAQ:NVEE - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.

Separately, Robert W. Baird decreased their price objective on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, NV5 Global has a consensus rating of "Moderate Buy" and a consensus price target of $25.67.

NV5 Global Stock Up 1.8 %

Shares of NVEE stock traded up $0.32 during mid-day trading on Wednesday, reaching $17.75. 1,034,374 shares of the company were exchanged, compared to its average volume of 433,467. NV5 Global has a fifty-two week low of $16.77 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $1.15 billion, a P/E ratio of 31.56, a P/E/G ratio of 2.57 and a beta of 1.23. The business's 50 day simple moving average is $18.52 and its 200 day simple moving average is $21.38.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. Research analysts predict that NV5 Global will post 1.19 earnings per share for the current year.

NV5 Global declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the transaction, the vice president now owns 45,584 shares of the company's stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.40% of the company's stock.

Hedge Funds Weigh In On NV5 Global

Hedge funds and other institutional investors have recently modified their holdings of the company. QV Investors Inc. raised its stake in shares of NV5 Global by 914.2% during the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock valued at $915,000 after purchasing an additional 43,790 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after purchasing an additional 73,944 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after purchasing an additional 37,384 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in shares of NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock valued at $1,334,000 after purchasing an additional 53,014 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.

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.