NV5 Global (NASDAQ:NVEE - Free Report) had its price target reduced by Robert W. Baird from $26.00 to $25.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the business services provider's stock.
NVEE has been the topic of a number of other reports. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Saturday, October 19th. Roth Mkm reiterated a "buy" rating and set a $32.50 price target (up from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th.
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NV5 Global Stock Performance
NASDAQ NVEE traded down $1.92 during trading on Friday, reaching $23.35. The company's stock had a trading volume of 842,015 shares, compared to its average volume of 331,126. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 49.79, a P/E/G ratio of 1.28 and a beta of 1.17. NV5 Global has a twelve month low of $21.54 and a twelve month high of $28.75. The business's fifty day moving average price is $23.08 and its 200-day moving average price is $23.48.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $236.33 million for the quarter, compared to analyst estimates of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. NV5 Global's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, analysts anticipate that NV5 Global will post 1.27 EPS for the current fiscal year.
Insider Transactions at NV5 Global
In other NV5 Global news, Director Tardan Francois sold 6,644 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.08, for a total transaction of $159,987.52. Following the transaction, the director now directly owns 20,600 shares in the company, valued at approximately $496,048. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 12.40% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in NV5 Global by 3.2% during the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider's stock worth $349,000 after buying an additional 115 shares during the period. QV Investors Inc. lifted its holdings in shares of NV5 Global by 2.6% in the second quarter. QV Investors Inc. now owns 4,660 shares of the business services provider's stock valued at $433,000 after purchasing an additional 120 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of NV5 Global by 1.9% in the first quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider's stock valued at $728,000 after purchasing an additional 137 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of NV5 Global by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider's stock valued at $1,091,000 after purchasing an additional 145 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of NV5 Global by 5.1% in the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider's stock valued at $322,000 after purchasing an additional 167 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.
NV5 Global Company Profile
(
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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.
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