NV5 Global, Inc. (NASDAQ:NVEE) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• NV5 Global, Inc. receives an average recommendation of "Hold" from seven research firms, with six maintaining a hold rating and one issuing a buy rating.
• The company's 12-month price target is set at $25.67, reflecting the analysts' projected price for the stock.
• NV5 Global reported earnings per share of $0.17 in its latest quarter, missing the consensus estimate of $0.20, and had revenue significantly below expectations at $123.20 million.

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.6667.

A number of analysts have recently issued reports on NVEE shares. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Maxim Group restated a "hold" rating on shares of NV5 Global in a research report on Thursday, July 3rd. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Sidoti raised NV5 Global to a "hold" rating in a research note on Friday, May 16th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cetera Trust Company N.A raised its stake in NV5 Global by 24.2% during the 2nd quarter. Cetera Trust Company N.A now owns 7,090 shares of the business services provider's stock valued at $164,000 after purchasing an additional 1,380 shares during the period. Bank of New York Mellon Corp raised its stake in NV5 Global by 20.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,307,879 shares of the business services provider's stock valued at $53,289,000 after purchasing an additional 394,648 shares during the period. Alpine Associates Management Inc. purchased a new position in NV5 Global during the 2nd quarter valued at approximately $30,530,000. New York Life Investment Management LLC bought a new stake in NV5 Global in the 2nd quarter worth approximately $3,281,000. Finally, Teacher Retirement System of Texas increased its stake in NV5 Global by 24.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 208,931 shares of the business services provider's stock worth $4,824,000 after acquiring an additional 41,717 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

NV5 Global Price Performance

NASDAQ NVEE remained flat at $22.56 during trading hours on Friday. NV5 Global has a 12-month low of $14.75 and a 12-month high of $25.96. The stock's fifty day moving average is $22.76 and its 200 day moving average is $19.87. 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 company has a market capitalization of $1.51 billion, a P/E ratio of 45.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.11.

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.