William Blair Reiterates “Market Perform” Rating for NV5 Global (NASDAQ:NVEE)

NV5 Global (NASDAQ:NVEE)‘s stock had its “market perform” rating reissued by equities researchers at William Blair in a note issued to investors on Thursday,Benzinga reports.

Several other research analysts have also commented on the company. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday. Maxim Group reduced their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, 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 note on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.67.

NV5 Global Price Performance

NVEE stock opened at $22.05 on Thursday. The company has a market capitalization 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 company’s fifty day moving average price is $17.98 and its 200-day moving average price is $19.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global has a one year low of $14.75 and a one year high of $26.14.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $123.20 million for 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 analysts anticipate that NV5 Global will post 1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cercano Management LLC boosted its position in NV5 Global by 208.8% during the 4th quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider’s stock worth $73,958,000 after acquiring an additional 2,654,405 shares during the period. Vanguard Group Inc. raised its stake in shares of NV5 Global by 1.9% in the first quarter. Vanguard Group Inc. now owns 3,832,374 shares of the business services provider’s stock valued at $73,850,000 after purchasing an additional 70,427 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NV5 Global by 310.6% in 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 acquiring an additional 1,901,998 shares during the period. American Century Companies Inc. grew its position in NV5 Global by 14.3% in the first quarter. American Century Companies Inc. now owns 2,454,527 shares of the business services provider’s stock valued at $47,299,000 after acquiring an additional 307,169 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of NV5 Global by 26.6% during the first quarter. Bank of New York Mellon Corp now owns 1,913,231 shares of the business services provider’s stock worth $36,868,000 after purchasing an additional 402,506 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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.