Roth Mkm Reaffirms “Buy” Rating for NV5 Global (NASDAQ:NVEE)

NV5 Global (NASDAQ:NVEE)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Mkm in a research note issued to investors on Thursday, Benzinga reports. They presently have a $130.00 target price on the business services provider’s stock, up from their previous target price of $128.00. Roth Mkm’s price objective would indicate a potential upside of 32.13% from the company’s current price.

NV5 Global Price Performance

NASDAQ:NVEE traded up $3.31 during midday trading on Thursday, hitting $98.39. 25,164 shares of the stock were exchanged, compared to its average volume of 76,198. NV5 Global has a one year low of $88.26 and a one year high of $115.01. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 1.35 and a beta of 1.22. The business has a 50-day moving average price of $94.92 and a two-hundred day moving average price of $97.74. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The firm had revenue of $236.33 million for the quarter, compared to analysts’ expectations of $235.58 million. During the same quarter in the previous year, the company earned $1.29 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts predict that NV5 Global will post 5.04 EPS for the current year.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, CFO Edward H. Codispoti sold 760 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total value of $69,509.60. Following the transaction, the chief financial officer now owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NV5 Global news, CFO Edward H. Codispoti sold 760 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total value of $69,509.60. Following the transaction, the chief financial officer now owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Benjamin Heraud sold 1,222 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total value of $113,071.66. Following the completion of the transaction, the chief executive officer now directly owns 18,455 shares in the company, valued at approximately $1,707,641.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,123 shares of company stock valued at $763,857. Corporate insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. purchased a new position in NV5 Global during the 1st quarter worth approximately $26,000. First Horizon Advisors Inc. purchased a new position in shares of NV5 Global during the 4th quarter valued at $36,000. Innealta Capital LLC purchased a new position in shares of NV5 Global during the 2nd quarter valued at $44,000. Cim LLC purchased a new position in shares of NV5 Global during the 4th quarter valued at $206,000. Finally, SG Americas Securities LLC purchased a new position in shares of NV5 Global during the 1st quarter valued at $228,000. 75.54% of the stock is currently owned by hedge funds and other 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.