NV5 Global (NASDAQ:NVEE) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research note published on Thursday.

Separately, Robert W. Baird lowered their price objective 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 Price Performance

Shares of NASDAQ NVEE opened at $18.94 on Thursday. 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 has a 1-year low of $18.59 and a 1-year high of $28.75. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.21 and a beta of 1.19. The business has a 50-day moving average of $21.65 and a 200-day moving average of $22.88.

Insider Buying and Selling

In other NV5 Global news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NV5 Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of NV5 Global in the 2nd quarter worth $44,000. Blue Trust Inc. boosted its position in shares of NV5 Global by 3,950.0% in the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 632 shares during the period. Net Worth Advisory Group purchased a new position in NV5 Global in the 3rd quarter worth about $211,000. Handelsbanken Fonder AB raised its holdings in NV5 Global by 21.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after buying an additional 500 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in NV5 Global during the 2nd quarter worth about $307,000. Institutional investors and hedge funds 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.