NV5 Global Inc (NASDAQ:NVEE) VP Maryjo O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $36.52, for a total transaction of $73,040.00. Following the completion of the sale, the vice president now directly owns 68,468 shares in the company, valued at $2,500,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NV5 Global Inc (NASDAQ:NVEE) traded up 2.32% during midday trading on Friday, hitting $37.45. 53,693 shares of the company traded hands. The stock has a 50 day moving average price of $36.96 and a 200-day moving average price of $35.44. The company has a market cap of $375.06 million, a PE ratio of 30.70 and a beta of 1.62. NV5 Global Inc has a 12-month low of $24.03 and a 12-month high of $41.80.
NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, March 9th. The business services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. NV5 Global had a return on equity of 12.38% and a net margin of 5.41%. The firm earned $63.02 million during the quarter, compared to analyst estimates of $67.60 million. Analysts expect that NV5 Global Inc will post $2.03 EPS for the current year.
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Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in NV5 Global by 0.6% in the third quarter. BlackRock Inc. now owns 8,247 shares of the business services provider’s stock valued at $266,000 after buying an additional 47 shares during the period. Cadence Capital Management LLC raised its stake in NV5 Global by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 26,739 shares of the business services provider’s stock valued at $893,000 after buying an additional 642 shares during the period. Teachers Advisors LLC raised its stake in NV5 Global by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 12,866 shares of the business services provider’s stock valued at $430,000 after buying an additional 689 shares during the period. Wells Fargo & Company MN raised its stake in NV5 Global by 104.3% in the third quarter. Wells Fargo & Company MN now owns 7,456 shares of the business services provider’s stock valued at $241,000 after buying an additional 3,807 shares during the period. Finally, Formula Growth Ltd. raised its stake in NV5 Global by 20.0% in the third quarter. Formula Growth Ltd. now owns 36,000 shares of the business services provider’s stock valued at $1,163,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 55.61% of the company’s stock.
Several equities research analysts recently issued reports on NVEE shares. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, January 5th. Lake Street Capital started coverage on shares of NV5 Global in a research report on Tuesday, March 21st. They issued a “buy” rating and a $47.00 target price on the stock.
NV5 Global 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 in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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