NV5 Global (NASDAQ:NVEE) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of NV5 Global (NASDAQ:NVEE) from a buy rating to a hold rating in a report issued on Wednesday.

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

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $19.32 on Wednesday. The stock has a market cap of $1.26 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.21 and a beta of 1.19. The firm’s 50-day simple moving average is $22.27 and its 200 day simple moving average is $23.08. NV5 Global has a fifty-two week low of $19.16 and a fifty-two week high of $28.75. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now owns 45,584 shares of the company’s stock, valued at $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tributary Capital Management LLC increased its holdings in shares of NV5 Global by 10.8% in the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after buying an additional 18,625 shares in the last quarter. American Century Companies Inc. raised its position in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NV5 Global by 26.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,698 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 780 shares during the last quarter. Inspire Investing LLC boosted its position in shares of NV5 Global by 3.2% in the 2nd quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 115 shares during the period. Finally, Rhumbline Advisers increased its stake in NV5 Global by 7.3% in the 2nd quarter. Rhumbline Advisers now owns 41,939 shares of the business services provider’s stock worth $3,899,000 after purchasing an additional 2,836 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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.