NV5 Global (NASDAQ:NVEE) Stock Price Expected to Rise, Roth Mkm Analyst Says

NV5 Global (NASDAQ:NVEE) had its target price boosted by equities researchers at Roth Mkm from $27.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Roth Mkm’s target price indicates a potential upside of 57.75% from the company’s current price.

Several other brokerages have also recently weighed in on NVEE. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird lowered their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.67.

NV5 Global Trading Up 1.8 %

Shares of NVEE stock opened at $17.75 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 36.04, a P/E/G ratio of 2.63 and a beta of 1.23. NV5 Global has a 1-year low of $16.77 and a 1-year high of $27.77. The business has a 50-day moving average of $18.48 and a 200 day moving average of $21.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

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

NV5 Global declared that its Board of Directors has initiated a stock repurchase program on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas raised its position in shares of NV5 Global by 300.0% in the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock worth $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after buying an additional 1,461 shares during the last quarter. Blue Trust Inc. grew its stake in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after buying an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after buying an additional 3,550 shares during the last quarter. 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.