NV5 Global (NASDAQ:NVEE) Given New $25.00 Price Target at Robert W. Baird

NV5 Global (NASDAQ:NVEE) had its price objective cut by stock analysts at Robert W. Baird from $26.00 to $25.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target points to a potential downside of 1.07% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Roth Mkm reissued a “buy” rating and set a $32.50 price objective (up from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th.

NV5 Global Stock Performance

NASDAQ NVEE opened at $25.27 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. NV5 Global has a 1-year low of $21.54 and a 1-year high of $28.75. The business has a 50 day simple moving average of $23.08 and a two-hundred day simple moving average of $23.48. The stock has a market capitalization of $1.65 billion, a PE ratio of 49.79, a P/E/G ratio of 1.28 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The firm had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. NV5 Global’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, research analysts predict that NV5 Global will post 1.27 EPS for the current fiscal year.

Insider Activity

In related news, Director Tardan Francois sold 6,644 shares of NV5 Global stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.08, for a total transaction of $159,987.52. Following the completion of the transaction, the director now directly owns 20,600 shares of the company’s stock, valued at approximately $496,048. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB grew its stake in NV5 Global by 37.5% in the second quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock worth $25,567,000 after purchasing an additional 75,000 shares in the last quarter. SG Americas Securities LLC lifted its stake in NV5 Global by 439.1% in the second quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock worth $1,166,000 after acquiring an additional 10,213 shares during the period. Vanguard Group Inc. grew its holdings in NV5 Global by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after acquiring an additional 8,032 shares in the last quarter. Tributary Capital Management LLC increased its position in NV5 Global by 10.8% during the 2nd quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after purchasing an additional 18,625 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of NV5 Global in the 1st quarter valued at about $1,200,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

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.