StockNews.com Downgrades NV5 Global (NASDAQ:NVEE) to Hold

NV5 Global (NASDAQ:NVEE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Robert W. Baird reduced their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 8th.

NV5 Global Stock Performance

NVEE stock opened at $18.96 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.23 billion, a PE ratio of 33.71, a P/E/G ratio of 3.21 and a beta of 1.19. The business has a 50 day moving average of $22.19 and a 200-day moving average of $23.05. NV5 Global has a 12-month low of $18.96 and a 12-month high of $28.75.

Insider Transactions at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.40% of the stock is currently owned by company insiders.

Institutional Trading of NV5 Global

Several hedge funds have recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of NV5 Global during the 2nd quarter worth $44,000. Blue Trust Inc. increased its stake in shares of NV5 Global by 3,950.0% in the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after purchasing an additional 632 shares in the last quarter. Net Worth Advisory Group purchased a new position in shares of NV5 Global in the third quarter worth about $211,000. Handelsbanken Fonder AB raised its position in shares of NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 500 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of NV5 Global during the 2nd quarter valued at approximately $307,000. 75.54% of the stock is currently owned by institutional investors.

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.