Brokerages Set NV5 Global, Inc. (NASDAQ:NVEE) Price Target at $25.67

Shares of NV5 Global, Inc. (NASDAQ:NVEE) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.67.

NVEE has been the topic of a number of recent research reports. Roth Mkm upped their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. William Blair reiterated a “market perform” rating on shares of NV5 Global in a research report on Thursday, May 15th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Lake Street Capital downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Sidoti upgraded NV5 Global to a “hold” rating in a research report on Friday, May 16th.

NV5 Global Stock Down 0.4%

Shares of NVEE stock opened at $22.23 on Monday. The stock’s 50-day simple moving average is $18.25 and its 200-day simple moving average is $19.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $1.46 billion, a PE ratio of 45.14, a P/E/G ratio of 2.63 and a beta of 1.08. NV5 Global has a fifty-two week low of $14.75 and a fifty-two week high of $26.14.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $229.89 million. Equities analysts expect that NV5 Global will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On NV5 Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas lifted its position in shares of NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of NV5 Global by 3,320.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 1,461 shares in the last quarter. Blue Trust Inc. lifted its position in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 1,864 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of NV5 Global by 200.0% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 3,000 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of NV5 Global by 9,916.7% in the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 2,975 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Company Profile

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.