Zacks Investment Research upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a strong-buy rating in a report issued on Wednesday. The firm currently has $62.00 price objective on the business services provider’s stock.
According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
Separately, BidaskClub raised shares of NV5 Global from a sell rating to a hold rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $58.80.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. NV5 Global had a net margin of 7.21% and a return on equity of 15.89%. The business had revenue of $93.98 million for the quarter, compared to analyst estimates of $96.35 million. equities analysts forecast that NV5 Global will post 3.07 earnings per share for the current year.
In other NV5 Global news, Chairman Dickerson Wright sold 10,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $54.51, for a total value of $545,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Maryjo O’brien sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $55.07, for a total transaction of $137,675.00. Following the completion of the sale, the vice president now directly owns 69,147 shares of the company’s stock, valued at approximately $3,807,925.29. The disclosure for this sale can be found here. Insiders own 26.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NVEE. Wells Fargo & Company MN boosted its holdings in NV5 Global by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 126 shares during the period. Northern Trust Corp boosted its holdings in NV5 Global by 6.2% in the 2nd quarter. Northern Trust Corp now owns 120,024 shares of the business services provider’s stock valued at $5,102,000 after purchasing an additional 6,997 shares during the period. Vanguard Group Inc. boosted its holdings in NV5 Global by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock valued at $14,341,000 after purchasing an additional 23,486 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in NV5 Global by 67.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,479 shares of the business services provider’s stock valued at $1,040,000 after purchasing an additional 9,883 shares during the period. Finally, State Street Corp boosted its holdings in NV5 Global by 13.9% in the 2nd quarter. State Street Corp now owns 127,923 shares of the business services provider’s stock valued at $5,438,000 after purchasing an additional 15,601 shares during the period. 56.52% of the stock is owned by hedge funds and other institutional investors.
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About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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