Lake Street Capital Raises NV5 Global, Inc. (NVEE) Price Target to $66.00

NV5 Global, Inc. (NASDAQ:NVEE) had its price target increased by Lake Street Capital to $66.00 in a research report report published on Thursday, The Fly reports. Lake Street Capital currently has a buy rating on the business services provider’s stock.

NVEE has been the subject of a number of other research reports. BidaskClub downgraded NV5 Global from a buy rating to a hold rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded NV5 Global from a buy rating to a hold rating in a research note on Wednesday, October 4th. Seaport Global Securities reiterated a buy rating and set a $61.00 price target (up previously from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. ValuEngine upgraded NV5 Global from a hold rating to a buy rating in a research note on Friday, September 15th. Finally, Roth Capital lifted their price target on NV5 Global from $48.00 to $60.00 and gave the company a buy rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. NV5 Global presently has an average rating of Buy and an average target price of $58.00.

Shares of NV5 Global (NVEE) traded down $0.20 on Thursday, hitting $51.75. The stock had a trading volume of 59,800 shares, compared to its average volume of 64,035. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.35 and a current ratio of 2.54. The firm has a market cap of $558.18, a P/E ratio of 24.18, a PEG ratio of 1.11 and a beta of 1.44. NV5 Global has a 12 month low of $32.35 and a 12 month high of $58.95.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $91.26 million during the quarter, compared to the consensus estimate of $103.15 million. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. equities research analysts predict that NV5 Global will post 2.34 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of NV5 Global by 4.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 435,821 shares of the business services provider’s stock worth $23,817,000 after buying an additional 19,676 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NV5 Global by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 348,217 shares of the business services provider’s stock worth $14,799,000 after buying an additional 72,288 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NV5 Global by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock worth $14,341,000 after buying an additional 23,486 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of NV5 Global by 14.1% in the 3rd quarter. Emerald Advisers Inc. PA now owns 186,414 shares of the business services provider’s stock worth $10,188,000 after buying an additional 22,979 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of NV5 Global by 0.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 181,260 shares of the business services provider’s stock worth $7,704,000 after buying an additional 1,317 shares during the last quarter. Hedge funds and other institutional investors own 56.28% of the company’s stock.

About NV5 Global

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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