Media headlines about NV5 Global (NASDAQ:NVEE) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NV5 Global earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 44.8019442277276 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of NV5 Global (NASDAQ:NVEE) traded down $0.20 during trading hours on Wednesday, hitting $53.05. 30,400 shares of the stock traded hands, compared to its average volume of 53,962. The firm has a market cap of $574.33, a PE ratio of 24.88, a PEG ratio of 1.14 and a beta of 1.38. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. NV5 Global has a one year low of $33.10 and a one year high of $58.95.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. The company had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. sell-side analysts forecast that NV5 Global will post 2.34 EPS for the current fiscal year.
Several analysts have weighed in on NVEE shares. Roth Capital lifted their price objective on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Seaport Global Securities reiterated a “buy” rating and issued a $61.00 price objective (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Lake Street Capital lifted their price objective on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, ValuEngine upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $58.00.
In related news, Director Tardan Francois sold 3,684 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the completion of the transaction, the director now directly owns 4,465 shares in the company, valued at approximately $227,625.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard Tong sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total transaction of $118,800.00. The disclosure for this sale can be found here. Insiders sold a total of 7,684 shares of company stock valued at $405,970 over the last 90 days. Corporate insiders own 26.00% of the company’s stock.
About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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