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

Shares of NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.67.

A number of equities analysts have commented on NVEE shares. William Blair reiterated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Roth Mkm boosted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. CJS Securities downgraded shares of NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Maxim Group cut their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st.

Institutional Trading of NV5 Global

A number of institutional investors have recently bought and sold shares of NVEE. US Bancorp DE increased its stake in NV5 Global by 4.2% during the 1st quarter. US Bancorp DE now owns 14,255 shares of the business services provider's stock valued at $275,000 after purchasing an additional 576 shares in the last quarter. Amundi grew its holdings in shares of NV5 Global by 2.3% during the first quarter. Amundi now owns 25,766 shares of the business services provider's stock valued at $501,000 after buying an additional 588 shares during the last quarter. Heritage Family Offices LLP increased its position in shares of NV5 Global by 6.8% in the 1st quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider's stock valued at $214,000 after acquiring an additional 706 shares during the period. Linden Thomas Advisory Services LLC raised its stake in NV5 Global by 1.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider's stock worth $982,000 after acquiring an additional 795 shares during the last quarter. Finally, BNP Paribas lifted its position in NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after acquiring an additional 1,050 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

NV5 Global Stock Up 0.6%

Shares of NASDAQ NVEE traded up $0.14 during midday trading on Friday, reaching $22.92. 964,474 shares of the company's stock traded hands, compared to its average volume of 490,518. The company has a market cap 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 stock's 50 day simple moving average is $19.35 and its 200-day simple moving average is $19.02. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global has a one year low of $14.75 and a one year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its 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 net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. On average, analysts predict 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.