Short Interest in NV5 Global, Inc. (NASDAQ:NVEE) Rises By 362.5%

NV5 Global, Inc. (NASDAQ:NVEE) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,670,000 shares, a growth of 362.5% from the September 30th total of 361,100 shares. Based on an average daily trading volume, of 362,700 shares, the short-interest ratio is presently 4.6 days.

Insider Transactions at NV5 Global

In other news, Director Tardan Francois sold 6,644 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $24.08, for a total transaction of $159,987.52. Following the completion of the transaction, the director now directly owns 20,600 shares of the company’s stock, valued at $496,048. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.40% of the stock is owned by insiders.

Hedge Funds Weigh In On NV5 Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of NV5 Global by 0.8% in the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock valued at $93,943,000 after purchasing an additional 8,032 shares during the last quarter. Dimensional Fund Advisors LP grew its position in NV5 Global by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after buying an additional 39,350 shares in the last quarter. American Century Companies Inc. grew its position in 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 buying an additional 65,186 shares in the last quarter. Swedbank AB grew its position in NV5 Global by 27.3% during the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after buying an additional 75,000 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in NV5 Global by 10.8% during the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock worth $17,810,000 after buying an additional 18,625 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on NVEE shares. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Roth Mkm reiterated a “buy” rating and set a $32.50 target price (up previously from $32.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Stock Performance

NASDAQ:NVEE traded down $0.12 on Friday, hitting $21.88. The company’s stock had a trading volume of 261,413 shares, compared to its average volume of 324,312. NV5 Global has a one year low of $21.54 and a one year high of $28.75. The stock has a fifty day moving average of $23.12 and a two-hundred day moving average of $23.46. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.42 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The company had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts predict that NV5 Global will post 1.27 earnings per share for the current year.

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.