Maryjo O’brien Sells 3,500 Shares of NV5 Global Inc (NASDAQ:NVEE) Stock

NV5 Global Inc (NASDAQ:NVEE) VP Maryjo O’brien sold 3,500 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $50.36, for a total value of $176,260.00. Following the sale, the vice president now owns 68,787 shares of the company’s stock, valued at $3,464,113.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NVEE opened at $50.59 on Wednesday. The business has a 50 day simple moving average of $54.51 and a two-hundred day simple moving average of $47.98. The firm has a market capitalization of $668.50 million, a price-to-earnings ratio of 35.38, a PEG ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.39 and a quick ratio of 2.39. NV5 Global Inc has a one year low of $27.00 and a one year high of $76.20.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.34. NV5 Global had a return on equity of 11.18% and a net margin of 3.06%. The firm had revenue of $162.69 million during the quarter, compared to analyst estimates of $150.00 million. As a group, sell-side analysts expect that NV5 Global Inc will post 3.21 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of NV5 Global by 7.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 70,261 shares of the business services provider’s stock worth $3,572,000 after acquiring an additional 4,974 shares in the last quarter. New South Capital Management Inc. raised its position in shares of NV5 Global by 4.2% in the 2nd quarter. New South Capital Management Inc. now owns 458,627 shares of the business services provider’s stock worth $23,312,000 after acquiring an additional 18,395 shares in the last quarter. Sei Investments Co. raised its position in shares of NV5 Global by 13.8% in the 2nd quarter. Sei Investments Co. now owns 11,081 shares of the business services provider’s stock worth $563,000 after acquiring an additional 1,340 shares in the last quarter. Tudor Investment Corp Et Al raised its position in shares of NV5 Global by 87.4% in the 2nd quarter. Tudor Investment Corp Et Al now owns 11,305 shares of the business services provider’s stock worth $575,000 after acquiring an additional 5,273 shares in the last quarter. Finally, Stifel Financial Corp increased its position in NV5 Global by 14.9% during the 2nd quarter. Stifel Financial Corp now owns 7,681 shares of the business services provider’s stock valued at $390,000 after buying an additional 994 shares in the last quarter.

Several equities research analysts recently weighed in on the company. Sidoti upgraded NV5 Global from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 24th. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Saturday, August 8th. Maxim Group restated a “hold” rating on shares of NV5 Global in a report on Friday, August 7th. BidaskClub cut NV5 Global from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Bank of America began coverage on NV5 Global in a report on Friday, May 29th. They set a “neutral” rating and a $58.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.67.

About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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