NV5 Global (NASDAQ:NVEE) Upgraded at StockNews.com

StockNews.com upgraded shares of NV5 Global (NASDAQ:NVEE) from a hold rating to a buy rating in a research note published on Thursday morning.

Separately, Robert W. Baird cut their price objective 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 Down 0.1 %

NASDAQ NVEE opened at $18.94 on Thursday. NV5 Global has a 1 year low of $18.59 and a 1 year high of $28.75. The stock has a market capitalization of $1.23 billion, a PE ratio of 33.67, a PEG 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 business’s 50-day moving average is $21.65 and its 200 day moving average is $22.88.

Insider Activity

In other news, VP Richard Tong sold 20,000 shares of the 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 completion of the transaction, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On NV5 Global

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