StockNews.com Downgrades NV5 Global (NASDAQ:NVEE) to Hold

NV5 Global (NASDAQ:NVEE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Roth Mkm reiterated a “buy” rating and set a $130.00 price target (up from $128.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Stock Down 0.2 %

Shares of NV5 Global stock opened at $23.52 on Friday. The stock has a 50-day simple moving average of $84.54 and a 200-day simple moving average of $91.10. NV5 Global has a 52-week low of $21.76 and a 52-week high of $28.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $379.75 million, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.28 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The firm had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. During the same period in the previous year, the company earned $1.29 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that NV5 Global will post 5.12 earnings per share for the current fiscal year.

Insider Transactions at NV5 Global

In other news, Director Tardan Francois sold 1,661 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the sale, the director now directly owns 5,150 shares in the company, valued at approximately $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

A number of large investors have recently bought and sold shares of NVEE. Swedbank AB bought a new stake in shares of NV5 Global during the first quarter worth $19,602,000. American Century Companies Inc. grew its holdings in shares of NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after purchasing an additional 65,186 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of NV5 Global by 1,671.2% during the second quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider’s stock worth $5,592,000 after purchasing an additional 56,753 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of NV5 Global by 38.4% during the first quarter. Tributary Capital Management LLC now owns 172,941 shares of the business services provider’s stock worth $16,950,000 after purchasing an additional 47,945 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NV5 Global by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after purchasing an additional 39,350 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

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.