NV5 Global (NVEE) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NV5 Global in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NVEE shares.
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2 Wall Street research analysts have issued 12 month price targets for NV5 Global's stock. Their NVEE share price forecasts range from $113.00 to $125.00. On average, they expect the company's stock price to reach $119.00 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
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NV5 Global's stock was trading at $132.32 at the beginning of the year. Since then, NVEE shares have decreased by 30.2% and is now trading at $92.39.
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NV5 Global saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 338,600 shares, a decrease of 13.3% from the April 30th total of 390,600 shares. Based on an average daily volume of 109,100 shares, the short-interest ratio is currently 3.1 days. Currently, 2.7% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our NVEE earnings forecast.

NV5 Global, Inc. (NASDAQ:NVEE) announced its quarterly earnings data on Thursday, May, 4th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. The business services provider had revenue of $184.32 million for the quarter, compared to the consensus estimate of $180 million. NV5 Global had a trailing twelve-month return on equity of 11.28% and a net margin of 6.05%.

ETFs with the largest weight of NV5 Global (NASDAQ:NVEE) stock in their portfolio include SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco S&P SmallCap Industrials ETF (PSCI), iShares U.S. Infrastructure ETF (IFRA), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Small Cap Growth AlphaDEX Fund (FYC), VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and Invesco DWA SmallCap Momentum ETF (DWAS).

NV5 Global issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $5.28-$5.69 for the period, compared to the consensus estimate of $5.34. The company issued revenue guidance of $878.00 million-$915.00 million, compared to the consensus revenue estimate of $883.42 million.

39 employees have rated NV5 Global Chief Executive Officer Dickerson Wright on Glassdoor.com. Dickerson Wright has an approval rating of 45% among the company's employees. This puts Dickerson Wright in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NV5 Global investors own include Alibaba Group (BABA), Splunk (SPLK), NVIDIA (NVDA), Trade Desk (TTD), Okta (OKTA), Block (SQ), AbbVie (ABBV), Arista Networks (ANET), Alteryx (AYX) and Cisco Systems (CSCO).

NV5 Global trades on the NASDAQ under the ticker symbol "NVEE."

NV5 Global's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.37%), FMR LLC (3.80%), Dimensional Fund Advisors LP (3.02%), State Street Corp (2.85%), Neumeier Poma Investment Counsel LLC (1.67%) and Geode Capital Management LLC (1.64%). Insiders that own company stock include Alexander A Hockman, Alexander A Hockman, Dickerson Wright, Donald C Alford, Josiah Hornblower, Laurie Catherine Conner, Maryjo O'brien, Richard Tong, Tardan Francois and William D Pruitt.
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Shares of NVEE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NVEE stock can currently be purchased for approximately $92.39.

NV5 Global (NASDAQ:NVEE) has a market capitalization of $1.45 billion and generates $786.78 million in revenue each year. The business services provider earns $49.97 million in net income (profit) each year or $3.09 on an earnings per share basis.

The company employs 3,644 workers across the globe.

NV5 Global's mailing address is 200 SOUTH PARK ROAD SUITE 350, HOLLYWOOD FL, 33021. The official website for the company is www.nv5.com. The business services provider can be reached via phone at (954) 495-2112, via email at ir@nv5.com, or via fax at 954-495-2101.