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

NV5 Global, Inc. (NASDAQ:NVEE)’s stock price gapped up before the market opened 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 trading hands.

Several other equities analysts have also recently commented on NVEE. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird dropped their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NV5 Global

Hedge funds have recently made changes to their positions in the business. BNP Paribas increased its stake in shares of NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock worth $26,000 after buying an additional 1,050 shares during the period. Sterling Capital Management LLC increased its stake in shares of NV5 Global by 3,320.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after buying an additional 1,461 shares during the period. Blue Trust Inc. increased its stake in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the period. Finally, KBC Group NV increased its stake in shares of NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after buying an additional 3,550 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Trading Up 1.8 %

The firm’s 50 day moving average is $18.48 and its 200 day moving average is $21.34. The company has a market capitalization of $1.15 billion, a PE ratio of 36.04, a P/E/G ratio of 2.63 and a beta of 1.23. 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 released its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $246.52 million during the quarter, compared to analysts’ expectations of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has initiated a share repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors 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.