NV5 Global's (NVEE) "Market Perform" Rating Reaffirmed at CJS Securities

NV5 Global (NASDAQ:NVEE - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at CJS Securities in a report issued on Tuesday,Benzinga reports.

Other equities analysts have also recently issued reports about the company. Sidoti raised NV5 Global to a "hold" rating in a report on Friday, May 16th. Maxim Group lowered their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Roth Mkm upped their price objective on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, NV5 Global has an average rating of "Hold" and an average target price of $25.67.

NV5 Global Stock Performance

Shares of NASDAQ:NVEE traded up $0.30 during midday trading on Tuesday, hitting $22.83. The stock had a trading volume of 1,517,540 shares, compared to its average volume of 481,634. NV5 Global has a 1 year low of $14.75 and a 1 year high of $26.14. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $19.07 and a two-hundred day moving average price of $18.96. The company has a market capitalization of $1.50 billion, a PE ratio of 46.36, a P/E/G ratio of 2.63 and a beta of 1.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. As a group, equities analysts predict that NV5 Global will post 1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NV5 Global

Several hedge funds have recently modified their holdings of NVEE. Vanguard Group Inc. boosted its holdings in shares of NV5 Global by 288.4% in the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after purchasing an additional 2,793,280 shares during the last quarter. Cercano Management LLC raised its holdings in NV5 Global by 208.8% in the fourth quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock valued at $73,958,000 after buying an additional 2,654,405 shares during the period. Dimensional Fund Advisors LP lifted its position in NV5 Global by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after buying an additional 1,901,998 shares in the last quarter. American Century Companies Inc. grew its stake in NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after buying an additional 1,639,014 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of NV5 Global by 1,572.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock worth $28,462,000 after acquiring an additional 1,420,417 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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.