NV5 Global (NASDAQ:NVEE) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of NV5 Global (NASDAQ:NVEE - Free Report) from a buy rating to a hold rating in a report published on Wednesday.

NVEE has been the subject of a number of other research reports. Roth Mkm increased their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Maxim Group decreased their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, NV5 Global presently has a consensus rating of "Hold" and a consensus target price of $25.67.

NV5 Global Stock Performance

NVEE stock traded down $0.14 during trading on Wednesday, hitting $22.05. 1,649,109 shares of the company's stock traded hands, compared to its average volume of 455,062. 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 52 week low of $14.75 and a 52 week high of $26.14. The stock has a fifty day moving average price of $17.98 and a two-hundred day moving average price of $19.11. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS 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 return on equity of 9.34% and a net margin of 3.25%. As a group, equities analysts anticipate that NV5 Global will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On NV5 Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank lifted its stake in 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 buying an additional 86,900 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after buying an additional 37,384 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after buying an additional 2,483 shares in the last quarter. Bernzott Capital Advisors purchased a new stake in NV5 Global during the fourth quarter valued at about $3,721,000. Finally, Campbell Newman Asset Management Inc. lifted its stake in NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock valued at $1,334,000 after buying an additional 53,014 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.