NV5 Global (NASDAQ:NVEE) Downgraded to Hold Rating by CJS Securities

NV5 Global (NASDAQ:NVEE) was downgraded by equities research analysts at CJS Securities from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, MarketBeat.com reports.

Several other research analysts also recently weighed in on NVEE. Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st. Lake Street Capital downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Wall Street Zen cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Sidoti upgraded NV5 Global to a “hold” rating in a research report on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.67.

NV5 Global Stock Up 0.6%

NASDAQ:NVEE opened at $22.96 on Tuesday. The firm’s 50-day moving average price is $19.23 and its 200-day moving average price is $19.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $1.51 billion, a PE ratio of 46.62, a P/E/G ratio of 2.63 and a beta of 1.14. NV5 Global has a 1-year low of $14.75 and a 1-year high of $26.14.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. On average, equities analysts predict that NV5 Global will post 1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NVEE. BNP Paribas raised its position in 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 purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC increased its position in shares of NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. raised its holdings in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after buying an additional 1,864 shares during the period. GAMMA Investing LLC lifted its position in NV5 Global by 9,916.7% in the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider’s stock worth $58,000 after buying an additional 2,975 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in NV5 Global by 200.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 3,000 shares of the business services provider’s stock worth $58,000 after buying an additional 2,000 shares during the period. Institutional investors own 75.54% of the company’s stock.

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.