NV5 Global Inc (NASDAQ:NVEE) Chairman Dickerson Wright sold 10,000 shares of NV5 Global stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $54.51, for a total transaction of $545,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NV5 Global stock traded down $0.65 during mid-day trading on Thursday, hitting $55.60. 51,658 shares of the company traded hands, compared to its average volume of 74,958. The company has a market cap of $613.07, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. NV5 Global Inc has a 1-year low of $35.35 and a 1-year high of $58.95.
NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. NV5 Global had a net margin of 7.21% and a return on equity of 15.89%. The business had revenue of $93.98 million during the quarter, compared to the consensus estimate of $96.35 million. equities research analysts anticipate that NV5 Global Inc will post 3.07 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Ashford Capital Management Inc. raised its stake in NV5 Global by 0.7% in the 4th quarter. Ashford Capital Management Inc. now owns 181,050 shares of the business services provider’s stock worth $9,804,000 after purchasing an additional 1,300 shares in the last quarter. Pier Capital LLC raised its stake in NV5 Global by 29.1% in the 4th quarter. Pier Capital LLC now owns 162,926 shares of the business services provider’s stock worth $8,822,000 after purchasing an additional 36,731 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in NV5 Global in the 4th quarter worth about $215,000. Millennium Management LLC acquired a new stake in NV5 Global in the 4th quarter worth about $852,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in NV5 Global by 264.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,149 shares of the business services provider’s stock worth $441,000 after purchasing an additional 5,910 shares in the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.
Several analysts recently commented on the stock. BidaskClub raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Saturday, March 17th. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a report on Wednesday, March 14th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. NV5 Global currently has an average rating of “Buy” and an average target price of $58.80.
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NV5 Global Company Profile
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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