NV5 Global (NASDAQ:NVEE) Stock Rating Lowered by StockNews.com

NV5 Global (NASDAQ:NVEE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued research reports about the stock. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Roth Mkm upped their target price on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st.

NV5 Global Stock Performance

NASDAQ NVEE opened at $19.47 on Wednesday. The business has a 50 day moving average price of $17.79 and a 200 day moving average price of $19.12. The company has a market capitalization of $1.28 billion, a P/E ratio of 39.53, a PEG ratio of 2.63 and a beta of 1.08. NV5 Global has a 1-year low of $14.75 and a 1-year high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Sell-side analysts expect that NV5 Global will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On NV5 Global

A number of hedge funds and other institutional investors have recently modified their holdings of NVEE. Value Holdings Management CO. LLC purchased a new position in shares of NV5 Global during the first quarter valued at approximately $840,000. Cambiar Investors LLC lifted its stake in shares of NV5 Global by 7.1% during the 1st quarter. Cambiar Investors LLC now owns 91,328 shares of the business services provider’s stock worth $1,760,000 after purchasing an additional 6,025 shares during the period. American Century Companies Inc. boosted its holdings in shares of NV5 Global by 14.3% during the first quarter. American Century Companies Inc. now owns 2,454,527 shares of the business services provider’s stock worth $47,299,000 after purchasing an additional 307,169 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of NV5 Global by 26.7% in the first quarter. Public Sector Pension Investment Board now owns 165,071 shares of the business services provider’s stock valued at $3,181,000 after purchasing an additional 34,836 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of NV5 Global in the first quarter valued at $2,755,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

About NV5 Global

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.