NV5 Global (NASDAQ:NVEE) Earns "Hold" Rating from Maxim Group

NV5 Global (NASDAQ:NVEE - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Maxim Group in a research note issued to investors on Thursday, MarketBeat reports.

Several other analysts have also recently issued reports on NVEE. William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. CJS Securities lowered NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Sidoti upgraded NV5 Global to a "hold" rating in a research note on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, NV5 Global has an average rating of "Hold" and an average target price of $25.67.

NV5 Global Stock Up 1.0%

Shares of NASDAQ NVEE opened at $23.22 on Thursday. NV5 Global has a 52-week low of $14.75 and a 52-week high of $26.14. The business's 50 day moving average is $21.26 and its two-hundred day moving average is $19.19. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.46 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.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data 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 3.19% and a return on equity of 9.12%. The firm had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. Research analysts predict that NV5 Global will post 1.26 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NVEE. US Bancorp DE boosted its holdings in NV5 Global by 4.2% in the first 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 boosted its holdings in shares of NV5 Global by 2.3% in the 1st quarter. Amundi now owns 25,766 shares of the business services provider's stock valued at $501,000 after buying an additional 588 shares in the last quarter. Heritage Family Offices LLP boosted its holdings 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 buying an additional 706 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of 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 valued at $982,000 after buying an additional 795 shares during the last quarter. Finally, BNP Paribas raised its stake 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 in the last quarter. 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.