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

Shares of NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) have received a consensus rating of "Hold" from the seven research firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.67.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Swiss National Bank grew its position in shares of NV5 Global by 306.0% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock valued at $2,172,000 after purchasing an additional 86,900 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of NV5 Global by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider's stock worth $288,000 after purchasing an additional 1,203 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of NV5 Global by 95.5% in the first quarter. SG Americas Securities LLC now owns 24,365 shares of the business services provider's stock worth $470,000 after purchasing an additional 11,899 shares during the last quarter. Amundi increased its holdings in shares of NV5 Global by 998.0% in the fourth quarter. Amundi now owns 25,178 shares of the business services provider's stock worth $482,000 after purchasing an additional 22,885 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of NV5 Global by 298.3% in the fourth quarter. Geode Capital Management LLC now owns 1,302,719 shares of the business services provider's stock worth $24,549,000 after purchasing an additional 975,677 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Stock Up 0.1%

Shares of NASDAQ NVEE traded up $0.03 on Tuesday, reaching $23.11. 1,040,520 shares of the company's stock traded hands, compared to its average volume of 519,589. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 46.69, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The business's 50 day simple moving average is $21.66 and its two-hundred day simple moving average is $19.26. NV5 Global has a 12 month low of $14.75 and a 12 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 for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. As a group, equities research analysts forecast that NV5 Global will post 1.26 EPS for the current fiscal year.

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.