NV5 Global (NASDAQ:NVEE – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Separately, Roth Mkm reaffirmed a “buy” rating and issued a $130.00 price target (up from $128.00) on shares of NV5 Global in a research note on Thursday, August 8th.
View Our Latest Research Report on NV5 Global
NV5 Global Trading Down 74.7 %
NV5 Global (NASDAQ:NVEE – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The company had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. During the same period in the prior year, the firm earned $1.29 earnings per share. NV5 Global’s revenue was up 6.1% on a year-over-year basis. On average, analysts anticipate that NV5 Global will post 5.12 earnings per share for the current fiscal year.
Insider Buying and Selling at NV5 Global
In other NV5 Global news, Director Tardan Francois sold 1,661 shares of NV5 Global stock in a transaction 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 completion of the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.40% of the company’s stock.
Institutional Trading of NV5 Global
Several institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC grew its stake in shares of NV5 Global by 3.2% in the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock worth $349,000 after acquiring an additional 115 shares during the period. QV Investors Inc. raised its stake in NV5 Global by 2.6% during the 2nd quarter. QV Investors Inc. now owns 4,660 shares of the business services provider’s stock valued at $433,000 after buying an additional 120 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of NV5 Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider’s stock valued at $728,000 after buying an additional 137 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of NV5 Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider’s stock worth $1,091,000 after buying an additional 145 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of NV5 Global by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock worth $322,000 after buying an additional 167 shares during the last quarter. 75.54% of the stock is currently owned by hedge funds and other 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.
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