NV5 Global (NASDAQ:NVEE) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of NV5 Global (NASDAQ:NVEE) from a strong-buy rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “

Several other equities research analysts have also issued reports on the company. Singular Research reissued a buy rating on shares of Olympic Steel in a research note on Wednesday, March 13th. BidaskClub raised Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. Maxim Group reaffirmed a buy rating and set a $85.00 price target on shares of NV5 Global in a research note on Wednesday, June 5th. Roth Capital lifted their price target on NV5 Global from $90.00 to $96.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. NV5 Global has a consensus rating of Buy and a consensus target price of $91.83.

NASDAQ:NVEE opened at $82.07 on Wednesday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31. NV5 Global has a 52-week low of $51.46 and a 52-week high of $96.70. The company’s fifty day simple moving average is $79.83. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.18.

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

In other news, CFO Michael P. Rama sold 500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $62.51, for a total value of $31,255.00. Following the completion of the sale, the chief financial officer now owns 28,800 shares of the company’s stock, valued at approximately $1,800,288. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Dickerson Wright sold 15,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $73.52, for a total value of $1,102,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,500 shares of company stock valued at $3,489,545. Corporate insiders own 19.62% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC bought a new stake in shares of NV5 Global in the 2nd quarter valued at about $225,000. Marshall Wace North America L.P. lifted its stake in shares of NV5 Global by 147.9% in the 1st quarter. Marshall Wace North America L.P. now owns 35,679 shares of the business services provider’s stock valued at $2,118,000 after acquiring an additional 21,284 shares during the last quarter. S Squared Technology LLC lifted its stake in shares of NV5 Global by 33.3% in the 1st quarter. S Squared Technology LLC now owns 40,000 shares of the business services provider’s stock valued at $2,374,000 after acquiring an additional 10,000 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in shares of NV5 Global by 20.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 119,542 shares of the business services provider’s stock valued at $7,096,000 after acquiring an additional 20,184 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of NV5 Global by 22.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 14,800 shares of the business services provider’s stock valued at $879,000 after acquiring an additional 2,760 shares during the last quarter. 62.16% of the stock is owned by institutional investors.

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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