NV5 Global (NASDAQ:NVEE) Downgraded to "Hold" Rating by CJS Securities

NV5 Global (NASDAQ:NVEE - Get Free Report) was downgraded by stock analysts at CJS Securities from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday, Marketbeat Ratings reports.

NVEE has been the topic of a number of other reports. Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $25.67.

NV5 Global Price Performance

NVEE stock traded up $0.14 during trading on Tuesday, reaching $22.92. 964,474 shares of the company were exchanged, compared to its average volume of 491,084. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a 50-day moving average of $19.50 and a two-hundred day moving average of $19.03. NV5 Global has a twelve month low of $14.75 and a twelve month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly 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 company 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 Trading of NV5 Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas lifted 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 purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC raised its stake in NV5 Global by 3,320.5% during the fourth 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. lifted its holdings in NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in NV5 Global by 200.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 3,000 shares of the business services provider's stock valued at $58,000 after acquiring an additional 2,000 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in NV5 Global by 9,916.7% during the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock valued at $58,000 after acquiring an additional 2,975 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.

NV5 Global Company Profile

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.