Maxim Group Reaffirms “Hold” Rating for NV5 Global (NASDAQ:NVEE)

Maxim Group reiterated their hold rating on shares of NV5 Global (NASDAQ:NVEE) in a research report released on Thursday, Marketbeat.com reports.

A number of other research firms have also recently commented on NVEE. Wall Street Zen cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. CJS Securities cut shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Sidoti raised shares of NV5 Global to a “hold” rating in a research report on Friday, May 16th. Lake Street Capital downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, William Blair reiterated a “market perform” rating on shares of NV5 Global in a report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.67.

NV5 Global Stock Performance

NV5 Global stock opened at $23.16 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. NV5 Global has a twelve month low of $14.75 and a twelve month high of $26.14. The company’s 50-day moving average price is $21.40 and its 200-day moving average price is $19.21. The company has a market cap of $1.55 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data 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). NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. The firm had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. On average, equities research analysts forecast that NV5 Global will post 1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On NV5 Global

Several institutional investors and hedge funds have recently modified their holdings of NVEE. Goldman Sachs Group Inc. grew its holdings in NV5 Global by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 350,826 shares of the business services provider’s stock valued at $6,760,000 after purchasing an additional 15,861 shares during the period. Swedbank AB grew its stake in NV5 Global by 16.4% in the 1st quarter. Swedbank AB now owns 1,900,000 shares of the business services provider’s stock valued at $36,613,000 after acquiring an additional 267,704 shares during the period. Voya Investment Management LLC increased its holdings in NV5 Global by 3.4% in the 1st quarter. Voya Investment Management LLC now owns 926,721 shares of the business services provider’s stock worth $17,858,000 after acquiring an additional 30,076 shares in the last quarter. Petrus Trust Company LTA raised its position in NV5 Global by 23.3% during the first quarter. Petrus Trust Company LTA now owns 13,884 shares of the business services provider’s stock worth $268,000 after acquiring an additional 2,624 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NV5 Global by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,963 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 1,453 shares in the last quarter. Institutional investors and hedge funds 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.