Michael P. Rama Sells 500 Shares of NV5 Global Inc (NVEE) Stock

NV5 Global Inc (NASDAQ:NVEE) CFO Michael P. Rama sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $73.77, for a total transaction of $36,885.00. Following the transaction, the chief financial officer now directly owns 28,300 shares in the company, valued at $2,087,691. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ NVEE traded down $0.53 during midday trading on Friday, reaching $77.05. 112,010 shares of the company’s stock traded hands, compared to its average volume of 120,168. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.51 and a current ratio of 2.51. NV5 Global Inc has a one year low of $51.46 and a one year high of $96.70. The company has a market cap of $963.42 million, a PE ratio of 23.78, a P/E/G ratio of 1.00 and a beta of 1.68.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. NV5 Global had a net margin of 6.38% and a return on equity of 14.09%. The firm had revenue of $117.34 million for the quarter, compared to the consensus estimate of $114.72 million. On average, analysts forecast that NV5 Global Inc will post 3.82 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on NVEE shares. BidaskClub upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Maxim Group reiterated a “buy” rating and set a $85.00 price objective on shares of NV5 Global in a research note on Thursday, May 9th. Zacks Investment Research upgraded shares of NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Roth Capital increased their price objective on shares of NV5 Global from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, ValuEngine downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NV5 Global presently has an average rating of “Buy” and an average target price of $90.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ashford Capital Management Inc. boosted its stake in NV5 Global by 71.2% in the first quarter. Ashford Capital Management Inc. now owns 365,195 shares of the business services provider’s stock valued at $21,678,000 after acquiring an additional 151,900 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in NV5 Global by 69.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,091 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 2,502 shares in the last quarter. Morgan Stanley boosted its stake in NV5 Global by 10.3% in the first quarter. Morgan Stanley now owns 57,949 shares of the business services provider’s stock valued at $3,440,000 after acquiring an additional 5,389 shares in the last quarter. Geode Capital Management LLC boosted its stake in NV5 Global by 5.3% in the first quarter. Geode Capital Management LLC now owns 114,441 shares of the business services provider’s stock valued at $6,793,000 after acquiring an additional 5,761 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in NV5 Global by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 52,857 shares of the business services provider’s stock valued at $3,138,000 after acquiring an additional 1,647 shares in the last quarter. Hedge funds and other institutional investors own 62.43% of the company’s stock.

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NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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