BidaskClub upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research report released on Friday.

Several other equities analysts have also weighed in on NVEE. Zacks Investment Research lowered shares of NV5 Global from a buy rating to a hold rating in a report on Wednesday, October 4th. ValuEngine lowered shares of NV5 Global from a buy rating to a hold rating in a report on Monday, October 2nd. Seaport Global Securities reaffirmed a buy rating and issued a $61.00 price target (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Lake Street Capital lifted their price target on shares of NV5 Global to $66.00 and gave the company a buy rating in a report on Thursday, November 9th. Finally, Roth Capital boosted their target price on shares of NV5 Global from $48.00 to $60.00 and gave the company a buy rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. NV5 Global presently has an average rating of Buy and an average price target of $58.00.

NV5 Global (NVEE) traded down $0.40 on Friday, reaching $54.30. The company’s stock had a trading volume of 24,066 shares, compared to its average volume of 49,128. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a market cap of $589.97, a P/E ratio of 36.94, a P/E/G ratio of 1.17 and a beta of 1.38. NV5 Global has a one year low of $33.10 and a one year high of $58.95.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The firm had revenue of $91.26 million during the quarter, compared to analyst estimates of $103.15 million. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. equities analysts anticipate that NV5 Global will post 2.34 EPS for the current year.

In other news, CFO Michael P. Rama sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $55.20, for a total value of $99,360.00. Following the completion of the sale, the chief financial officer now directly owns 29,949 shares of the company’s stock, valued at approximately $1,653,184.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Richard Tong sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total transaction of $118,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,684 shares of company stock valued at $405,970 over the last three months. 26.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVEE. Pier Capital LLC grew its position in NV5 Global by 8.3% in the third quarter. Pier Capital LLC now owns 126,195 shares of the business services provider’s stock worth $6,897,000 after acquiring an additional 9,635 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NV5 Global by 18.3% during the third quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock worth $22,522,000 after purchasing an additional 63,889 shares during the period. Wells Fargo & Company MN boosted its position in NV5 Global by 66.6% during the third quarter. Wells Fargo & Company MN now owns 8,467 shares of the business services provider’s stock worth $463,000 after purchasing an additional 3,384 shares during the period. Cadence Capital Management LLC boosted its position in NV5 Global by 5.1% during the third quarter. Cadence Capital Management LLC now owns 38,084 shares of the business services provider’s stock worth $2,081,000 after purchasing an additional 1,847 shares during the period. Finally, Axiom International Investors LLC DE boosted its position in NV5 Global by 2.0% during the third quarter. Axiom International Investors LLC DE now owns 82,957 shares of the business services provider’s stock worth $4,534,000 after purchasing an additional 1,590 shares during the period. Institutional investors and hedge funds own 56.21% of the company’s stock.

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About NV5 Global

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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