NV5 Global (NASDAQ:NVEE) Rating Lowered to “Hold” at StockNews.com

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

Separately, Robert W. Baird lowered their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th.

NV5 Global Stock Performance

NASDAQ:NVEE opened at $17.43 on Wednesday. The firm’s 50-day moving average is $18.57 and its 200-day moving average is $21.41. NV5 Global has a 52-week low of $16.77 and a 52-week high of $27.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.58 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data 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). NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. Equities research analysts anticipate that NV5 Global will post 1.19 earnings per share for the current year.

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

Insider Activity at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.40% of the stock is currently owned by insiders.

Institutional Trading of NV5 Global

Large investors have recently added to or reduced their stakes in the company. QV Investors Inc. grew its stake in NV5 Global by 914.2% during the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after buying an additional 43,790 shares during the last quarter. Nordea Investment Management AB grew its stake in NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after buying an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock worth $945,000 after buying an additional 37,384 shares during the last quarter. JPMorgan Chase & Co. grew its stake in NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after buying an additional 2,483 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. grew its stake in NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after buying an additional 53,014 shares during the last quarter. 75.54% of the stock is 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.