NV5 Global, Inc. (NASDAQ:NVEE – Free Report) – Equities research analysts at William Blair issued their Q3 2023 EPS estimates for shares of NV5 Global in a research report issued on Tuesday, September 12th. William Blair analyst T. Mulrooney anticipates that the business services provider will post earnings of $1.42 per share for the quarter. William Blair has a “Outperform” rating on the stock. The consensus estimate for NV5 Global’s current full-year earnings is $5.24 per share. William Blair also issued estimates for NV5 Global’s Q4 2023 earnings at $1.60 EPS, FY2023 earnings at $5.19 EPS and FY2024 earnings at $5.78 EPS.
Other analysts also recently issued reports about the stock. StockNews.com initiated coverage on shares of NV5 Global in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Roth Mkm restated a “buy” rating and issued a $136.00 target price on shares of NV5 Global in a report on Monday, August 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, NV5 Global currently has an average rating of “Moderate Buy” and a consensus price target of $124.67.
NV5 Global Stock Performance
NV5 Global stock opened at $100.79 on Friday. The company’s 50-day moving average price is $104.23 and its 200-day moving average price is $101.40. NV5 Global has a twelve month low of $89.30 and a twelve month high of $154.97. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.60 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22.
NV5 Global (NASDAQ:NVEE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.02). The company had revenue of $222.64 million during the quarter, compared to the consensus estimate of $220.00 million. NV5 Global had a net margin of 5.67% and a return on equity of 10.56%.
Insider Activity at NV5 Global
In related news, VP Maryjo O’brien sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $111.30, for a total transaction of $333,900.00. Following the transaction, the vice president now directly owns 64,840 shares in the company, valued at approximately $7,216,692. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On NV5 Global
Several large investors have recently added to or reduced their stakes in NVEE. Point72 Hong Kong Ltd purchased a new stake in NV5 Global in the 2nd quarter valued at about $38,000. PNC Financial Services Group Inc. boosted its position in NV5 Global by 148.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 353 shares of the business services provider’s stock valued at $39,000 after buying an additional 211 shares during the period. Cutler Group LLC CA purchased a new stake in shares of NV5 Global in the 2nd quarter worth approximately $44,000. Tower Research Capital LLC TRC lifted its position in shares of NV5 Global by 172.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 476 shares of the business services provider’s stock worth $49,000 after purchasing an additional 301 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of NV5 Global in the 1st quarter worth approximately $73,000. 71.93% of the stock is owned by hedge funds and other institutional investors.
NV5 Global Company Profile
NV5 Global, Inc offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
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