NV5 Global (NASDAQ:NVEE) Price Target Raised to $28.00 at Roth Mkm

NV5 Global (NASDAQ:NVEE) had its target price increased by investment analysts at Roth Mkm from $27.00 to $28.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Roth Mkm’s price objective points to a potential upside of 57.75% from the company’s previous close.

NVEE has been the topic of a number of other reports. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird dropped their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, NV5 Global has an average rating of “Moderate Buy” and an average price target of $25.67.

NV5 Global Stock Performance

NV5 Global stock opened at $17.75 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.15 billion, a P/E ratio of 36.04, a PEG ratio of 2.63 and a beta of 1.23. The stock’s 50 day moving average is $18.48 and its 200 day moving average is $21.34. NV5 Global has a twelve month low of $16.77 and a twelve month high of $27.77.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. On average, equities research analysts predict that NV5 Global will post 1.26 earnings per share for the current fiscal year.

NV5 Global announced that its board has approved a share buyback plan on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in shares of NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after buying an additional 632 shares during the period. BNP Paribas raised its stake in shares of 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 acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 1,461 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of NV5 Global by 23.7% during the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 806 shares in the last quarter. Hedge funds and other 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.