NV5 Global (NASDAQ:NVEE) Earns Buy Rating from Roth Mkm

NV5 Global (NASDAQ:NVEE - Get Free Report)'s stock had its "buy" rating reaffirmed by Roth Mkm in a research note issued on Thursday, Benzinga reports. They currently have a $128.00 price target on the business services provider's stock, up from their previous price target of $121.00. Roth Mkm's price target suggests a potential upside of 33.15% from the stock's current price.

Several other equities research analysts have also commented on NVEE. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Tuesday, February 27th. TheStreet lowered shares of NV5 Global from a "b-" rating to a "c+" rating in a report on Wednesday, February 28th.

NV5 Global Trading Up 2.3 %

Shares of NASDAQ NVEE traded up $2.15 on Thursday, reaching $96.13. 105,916 shares of the company traded hands, compared to its average volume of 73,907. The stock has a market capitalization of $1.55 billion, a PE ratio of 33.26, a P/E/G ratio of 1.19 and a beta of 1.09. NV5 Global has a fifty-two week low of $88.56 and a fifty-two week high of $119.56. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $95.88 and a 200 day moving average of $100.90.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.19). The company had revenue of $213.40 million for the quarter, compared to analyst estimates of $208.42 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, equities research analysts forecast that NV5 Global will post 5.02 earnings per share for the current fiscal year.

Insider Activity

In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the transaction, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NV5 Global news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares in the company, valued at approximately $254,404.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Donald C. Alford sold 2,459 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the transaction, the vice president now owns 3,542 shares of the company's stock, valued at $352,535.26. The disclosure for this sale can be found here. Insiders own 12.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of NV5 Global by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider's stock worth $105,617,000 after purchasing an additional 35,291 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider's stock worth $56,872,000 after buying an additional 12,437 shares during the last quarter. American Century Companies Inc. grew its position in shares of NV5 Global by 86.2% in the 3rd quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider's stock worth $32,685,000 after acquiring an additional 157,256 shares in the last quarter. Neumeier Poma Investment Counsel LLC increased its holdings in shares of NV5 Global by 2.7% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 255,266 shares of the business services provider's stock valued at $24,564,000 after acquiring an additional 6,605 shares during the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of NV5 Global by 38.4% during the 1st quarter. Tributary Capital Management LLC now owns 172,941 shares of the business services provider's stock valued at $16,950,000 after acquiring an additional 47,945 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.

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.