NV5 Global Inc (NVEE) CFO Michael P. Rama Sells 1,800 Shares of Stock

NV5 Global Inc (NASDAQ:NVEE) CFO Michael P. Rama sold 1,800 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $55.20, for a total value of $99,360.00. Following the sale, the chief financial officer now directly owns 29,949 shares in the company, valued at $1,653,184.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NV5 Global Inc (NVEE) traded down $0.40 during mid-day trading on Wednesday, hitting $54.60. The stock had a trading volume of 38,400 shares, compared to its average volume of 54,099. NV5 Global Inc has a 1 year low of $33.10 and a 1 year high of $58.95. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $593.21, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38.

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

Hedge funds have recently modified their holdings of the company. Sei Investments Co. increased its holdings in shares of NV5 Global by 123.5% in the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,623 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of NV5 Global by 536.1% in the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after purchasing an additional 3,088 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of NV5 Global by 1,972.5% in the third quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock worth $218,000 after purchasing an additional 3,807 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of NV5 Global by 129.0% in the first quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after purchasing an additional 2,586 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of NV5 Global by 512.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 4,900 shares of the business services provider’s stock worth $208,000 after purchasing an additional 4,100 shares during the last quarter. 56.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut NV5 Global from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Lake Street Capital raised their price target on NV5 Global to $66.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Seaport Global Securities reissued a “buy” rating and set a $61.00 price target (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Finally, Roth Capital raised their price target on NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $58.00.

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NV5 Global Company Profile

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.

Insider Buying and Selling by Quarter for NV5 Global (NASDAQ:NVEE)

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