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

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

Several other analysts also recently weighed in on the stock. Maxim Group lowered their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Roth Mkm boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $25.67.

NV5 Global Price Performance

NV5 Global stock remained flat at $22.05 during mid-day trading on Wednesday. 1,582,927 shares of the company's stock traded hands, compared to its average volume of 459,982. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.45 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The business has a 50 day moving average of $18.07 and a 200 day moving average of $19.05. NV5 Global has a 1-year low of $14.75 and a 1-year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted 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 business had revenue of $123.20 million during 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%. On average, equities research analysts expect that NV5 Global will post 1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NV5 Global

A number of hedge funds have recently modified their holdings of NVEE. Vanguard Group Inc. increased its position in shares of NV5 Global by 288.4% in the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after acquiring an additional 2,793,280 shares during the period. Cercano Management LLC increased its position in shares of NV5 Global by 208.8% during the fourth quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock valued at $73,958,000 after buying an additional 2,654,405 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NV5 Global by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after buying an additional 1,901,998 shares during the period. American Century Companies Inc. increased its position in shares of NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after buying an additional 1,639,014 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after buying an additional 1,420,417 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

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.