NV5 Holdings Inc. (NVEE) Upgraded by Seaport Global Securities to Buy
NV5 Holdings Inc. (NASDAQ:NVEE) was upgraded by stock analysts at Seaport Global Securities to a “buy” rating in a research note issued on Monday.
A number of other equities research analysts have also recently issued reports on NVEE. Zacks Investment Research cut NV5 Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Singular Research started coverage on NV5 Holdings in a research note on Friday, July 22nd. They set a “buy” rating and a $39.00 price objective on the stock.
NV5 Holdings (NASDAQ:NVEE) opened at 29.00 on Monday. NV5 Holdings has a 12 month low of $15.00 and a 12 month high of $37.00. The company has a 50-day moving average price of $32.56 and a 200 day moving average price of $28.31. The company has a market capitalization of $255.00 million, a PE ratio of 22.75 and a beta of 1.41.
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NV5 Holdings (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. NV5 Holdings had a return on equity of 13.13% and a net margin of 5.52%. The company had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $58.90 million. On average, equities research analysts forecast that NV5 Holdings will post $1.66 EPS for the current fiscal year.
In related news, COO Alexander A. Hockman sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $31.60, for a total transaction of $126,400.00. Following the transaction, the chief operating officer now directly owns 264,799 shares of the company’s stock, valued at approximately $8,367,648.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard Tong sold 2,434 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $35.28, for a total value of $85,871.52. Following the transaction, the vice president now directly owns 37,219 shares in the company, valued at $1,313,086.32. The disclosure for this sale can be found here. Corporate insiders own 32.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in NV5 Holdings by 156.0% in the second quarter. Royal Bank of Canada now owns 73,460 shares of the company’s stock worth $2,089,000 after buying an additional 44,770 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of NV5 Holdings by 54.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,100 shares of the company’s stock worth $373,000 after buying an additional 4,600 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of NV5 Holdings during the second quarter worth approximately $167,000. Highbridge Capital Management LLC purchased a new position in shares of NV5 Holdings during the second quarter worth approximately $543,000. Finally, Grandeur Peak Global Advisors LLC purchased a new position in shares of NV5 Holdings during the second quarter worth approximately $737,000. 45.00% of the stock is currently owned by institutional investors and hedge funds.
NV5 Holdings Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients. The Company’s operations are organized into three segments: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM).
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