NV5 Global (NASDAQ:NVEE) Shares Gap Up on Analyst Upgrade

Shares of NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) gapped up prior to trading on Friday after Roth Mkm raised their price target on the stock from $27.00 to $28.00. The stock had previously closed at $17.43, but opened at $18.71. Roth Mkm currently has a buy rating on the stock. NV5 Global shares last traded at $17.63, with a volume of 143,158 shares traded.

Several other research firms have also recently weighed in on NVEE. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Robert W. Baird lowered their target price 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, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, NV5 Global has an average rating of "Moderate Buy" and an average target price of $25.67.

Insider Buying and Selling at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company's stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.40% of the company's stock.

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Institutional Trading of NV5 Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 632 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in NV5 Global by 12.5% in the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock worth $593,000 after purchasing an additional 703 shares during the last quarter. Versor Investments LP lifted its stake in NV5 Global by 23.7% in the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider's stock worth $393,000 after purchasing an additional 806 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in NV5 Global by 0.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider's stock valued at $13,169,000 after buying an additional 1,000 shares during the period. Finally, BNP Paribas grew its stake in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after buying an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Stock Performance

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $18.44 and a 200 day moving average price of $21.26. The stock has a market cap of $1.20 billion, a PE ratio of 37.50, a P/E/G ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million during the quarter, compared to analysts' expectations of $243.46 million. Analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its board has approved a share buyback 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 repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

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.