NV5 Global (NASDAQ:NVEE) Rating Lowered to “Hold” at StockNews.com

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

Separately, Robert W. Baird reduced their target price on 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 Stock Up 0.4 %

Shares of NASDAQ NVEE opened at $19.03 on Wednesday. The company has a market capitalization of $1.24 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.21 and a beta of 1.19. 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 company has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $23.02. NV5 Global has a 1 year low of $18.59 and a 1 year high of $28.75.

Insiders Place Their Bets

In related 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 completion of the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVEE. Dimensional Fund Advisors LP raised its stake in shares of NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after acquiring an additional 39,350 shares in the last quarter. American Century Companies Inc. raised its position in NV5 Global by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after purchasing an additional 65,186 shares in the last quarter. Geneva Capital Management LLC boosted its stake in shares of NV5 Global by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock valued at $40,451,000 after buying an additional 5,757 shares during the period. Swedbank AB boosted its stake in shares of NV5 Global by 27.3% in the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after buying an additional 75,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of NV5 Global by 1.6% during the third quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock worth $30,577,000 after buying an additional 5,035 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

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.