NV5 Global (NASDAQ:NVEE – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued reports about the company. William Blair began coverage on NV5 Global in a research report on Wednesday, September 13th. They set an “outperform” rating on the stock. Roth Mkm decreased their price target on NV5 Global from $136.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Check Out Our Latest Stock Report on NV5 Global

NV5 Global Stock Performance

Shares of NVEE stock traded up $1.79 on Friday, reaching $103.04. The stock had a trading volume of 52,872 shares, compared to its average volume of 90,541. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.81 and a current ratio of 1.81. NV5 Global has a 1 year low of $89.30 and a 1 year high of $147.25. The stock has a market cap of $1.64 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. The company has a 50 day simple moving average of $99.22 and a 200 day simple moving average of $101.44.

NV5 Global (NASDAQ:NVEE – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. NV5 Global had a return on equity of 10.34% and a net margin of 5.10%. The business had revenue of $239.29 million during the quarter, compared to the consensus estimate of $236.00 million. Equities research analysts expect that NV5 Global will post 4.89 EPS for the current year.

Insider Transactions at NV5 Global

In related news, Director William D. Pruitt sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $92.38, for a total value of $277,140.00. Following the completion of the transaction, the director now directly owns 15,500 shares of the company’s stock, valued at $1,431,890. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NV5 Global news, VP Richard Tong sold 3,169 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $96.81, for a total transaction of $306,790.89. Following the transaction, the vice president now owns 16,707 shares in the company, valued at $1,617,404.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William D. Pruitt sold 3,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00. Following the completion of the sale, the director now directly owns 15,500 shares in the company, valued at approximately $1,431,890. The disclosure for this sale can be found here. Insiders have sold 6,170 shares of company stock valued at $584,031 in the last ninety days. Corporate insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Several hedge funds have recently added to or reduced their stakes in NVEE. JPMorgan Chase & Co. lifted its holdings in NV5 Global by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 9,594 shares of the business services provider’s stock valued at $1,278,000 after buying an additional 141 shares in the last quarter. US Bancorp DE boosted its holdings in shares of NV5 Global by 1,730.8% in the first quarter. US Bancorp DE now owns 1,904 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 1,800 shares during the period. HighTower Advisors LLC purchased a new position in shares of NV5 Global in the 1st quarter valued at $280,000. Citigroup Inc. raised its position in shares of NV5 Global by 5.5% in the 1st quarter. Citigroup Inc. now owns 10,714 shares of the business services provider’s stock worth $1,429,000 after acquiring an additional 554 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of NV5 Global by 51.5% during the 1st quarter. MetLife Investment Management LLC now owns 7,024 shares of the business services provider’s stock worth $936,000 after purchasing an additional 2,388 shares during the last quarter. 71.93% of the stock is currently owned by institutional investors.

NV5 Global Company Profile (Get Free Report)

NV5 Global, Inc offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.

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Original: MarketBeat News Feed: StockNews.com Upgrades NV5 Global (NASDAQ:NVEE) to Buy