NV5 Global, Inc. (NASDAQ:NVEE) Receives $25.67 Average Price Target from Brokerages

Shares of NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) have earned an average rating of "Hold" from the seven analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $25.67.

Several research firms have weighed in on NVEE. William Blair reaffirmed a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Maxim Group reissued a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. CJS Securities cut NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Sidoti upgraded NV5 Global to a "hold" rating in a report on Friday, May 16th.

NV5 Global Trading Down 0.7%

NVEE stock traded down $0.17 during mid-day trading on Tuesday, reaching $23.18. 498,864 shares of the stock traded hands, compared to its average volume of 523,759. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. NV5 Global has a 52-week low of $14.75 and a 52-week high of $26.14. The company has a market cap of $1.55 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.48 and a beta of 1.13. The stock's fifty day moving average is $21.96 and its 200-day moving average is $19.35.

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 for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. The business had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. As a group, sell-side analysts expect that NV5 Global will post 1.26 earnings per share for the current year.

Institutional Investors Weigh In On NV5 Global

A number of institutional investors have recently added to or reduced their stakes in NVEE. BNP Paribas grew its holdings in shares of NV5 Global by 300.0% during the fourth 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 last quarter. Sterling Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,461 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 worth $58,000 after purchasing an additional 2,975 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of 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 worth $58,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Signaturefd LLC bought a new stake in shares of NV5 Global during the first quarter worth $66,000. 75.54% of the stock is owned by institutional investors and hedge funds.

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.