NV5 Global (NASDAQ:NVEE) Cut to Hold at CJS Securities

CJS Securities lowered shares of NV5 Global (NASDAQ:NVEE) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, MarketBeat.com reports.

NVEE has been the subject of several other reports. Wall Street Zen cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Maxim Group lowered their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Lake Street Capital cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, William Blair reaffirmed a “market perform” rating on shares of NV5 Global in a research note on Thursday, May 15th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.67.

NV5 Global Trading Down 0.8%

Shares of NVEE opened at $22.78 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $19.02. NV5 Global has a 1-year low of $14.75 and a 1-year high of $26.14. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 46.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share 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 business had revenue of $123.20 million for the quarter, compared to analysts’ expectations of $229.89 million. Equities analysts forecast that NV5 Global will post 1.26 EPS for the current fiscal year.

Institutional Trading of NV5 Global

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in NV5 Global by 352.5% in the 3rd quarter. Barclays PLC now owns 23,906 shares of the business services provider’s stock worth $2,235,000 after buying an additional 18,623 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in NV5 Global by 370.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,750 shares of the business services provider’s stock valued at $259,000 after buying an additional 10,830 shares during the last quarter. Yousif Capital Management LLC boosted its position in NV5 Global by 291.4% in the 4th quarter. Yousif Capital Management LLC now owns 19,830 shares of the business services provider’s stock valued at $374,000 after buying an additional 14,764 shares during the last quarter. State of Alaska Department of Revenue boosted its position in NV5 Global by 297.6% in the 4th quarter. State of Alaska Department of Revenue now owns 29,556 shares of the business services provider’s stock valued at $556,000 after buying an additional 22,123 shares during the last quarter. Finally, Cambiar Investors LLC boosted its position in NV5 Global by 272.1% in the 4th quarter. Cambiar Investors LLC now owns 85,303 shares of the business services provider’s stock valued at $1,607,000 after buying an additional 62,376 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

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.