NV5 Global (NASDAQ:NVEE) Upgraded at StockNews.com

StockNews.com upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research report released on Tuesday morning.

Separately, Robert W. Baird reduced their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th.

NV5 Global Trading Down 2.8 %

Shares of NV5 Global stock opened at $20.00 on Tuesday. The firm has a 50-day moving average of $22.59 and a 200-day moving average of $23.21. The stock has a market cap of $1.30 billion, a PE ratio of 35.80, a PEG ratio of 3.38 and a beta of 1.19. NV5 Global has a 52-week low of $19.97 and a 52-week high of $28.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

Institutional Investors Weigh In On NV5 Global

Institutional investors have recently modified their holdings of the business. Redwood Grove Capital LLC bought a new stake in NV5 Global during the third quarter worth about $12,599,000. Swedbank AB lifted its position in NV5 Global by 37.5% during 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 during the period. Oak Ridge Investments LLC lifted its position in NV5 Global by 287.2% during the third quarter. Oak Ridge Investments LLC now owns 98,124 shares of the business services provider’s stock worth $9,173,000 after purchasing an additional 72,780 shares during the period. American Century Companies Inc. lifted its position in NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after purchasing an additional 65,186 shares during the period. Finally, Squarepoint Ops LLC lifted its position in NV5 Global by 1,671.2% during the second quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider’s stock worth $5,592,000 after purchasing an additional 56,753 shares during the period. 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.