The stock of NV5 Global Inc (NASDAQ:NVEE) hit a new 52-week high and has $40.07 target or 8.00% above today’s $37.10 share price. The 6 months bullish chart indicates low risk for the $396.38 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $40.07 price target is reached, the company will be worth $31.71M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,475 shares traded hands. NV5 Global Inc (NASDAQ:NVEE) has risen 43.52% since April 22, 2016 and is uptrending. It has outperformed by 38.11% the S&P500.
Analysts await NV5 Global Inc (NASDAQ:NVEE) to report earnings on March, 9. They expect $0.44 earnings per share, up 7.32% or $0.03 from last year’s $0.41 per share. NVEE’s profit will be $4.70M for 21.08 P/E if the $0.44 EPS becomes a reality. After $0.41 actual earnings per share reported by NV5 Global Inc for the previous quarter, Wall Street now forecasts 7.32% EPS growth.
NV5 Global Inc (NASDAQ:NVEE) Ratings Coverage
Out of 3 analysts covering NV5 Holdings (NASDAQ:NVEE), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. NV5 Holdings has been the topic of 5 analyst reports since September 7, 2015 according to StockzIntelligence Inc. Seaport Global Securities upgraded it to “Accumulate” rating and $19.0 target price in Friday, January 15 report. The stock has “Buy” rating given by Singular Research on Friday, July 22. On Monday, September 7 the stock rating was upgraded by Zacks to “Strong-Buy”. The firm earned “Buy” rating on Monday, September 19 by Seaport Global Securities. The stock of NV5 Global Inc (NASDAQ:NVEE) has “Accumulate” rating given on Monday, January 18 by Seaport Global Securities.
According to Zacks Investment Research, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida.”
Insitutional Activity: The institutional sentiment decreased to 1.34 in Q2 2016. Its down 1.33, from 2.67 in 2016Q1. The ratio turned negative, as 7 funds sold all NV5 Global Inc shares owned while 14 reduced positions. 24 funds bought stakes while 32 increased positions. They now own 4.33 million shares or 37.80% more from 3.14 million shares in 2016Q1.
Awm Investment last reported 77,500 shares in the company. Northern Tru reported 94,657 shares or 0% of all its holdings. Teachers Advisors has 0% invested in the company for 12,177 shares. Alyeska Inv Gp Ltd Partnership last reported 0.03% of its portfolio in the stock. Bridgeway Mngmt Incorporated last reported 59,600 shares in the company. Oberweis Asset Inc last reported 0.26% of its portfolio in the stock. The California-based Schwab Charles Investment Mngmt has invested 0% in NV5 Global Inc (NASDAQ:NVEE). Manatuck Hill Ltd Co has 282,907 shares for 3.55% of their US portfolio. Blackrock last reported 0% of its portfolio in the stock. Creative Planning last reported 3,494 shares in the company. Thompson Siegel & Walmsley Ltd Company has 0% invested in the company for 800 shares. Blackrock Advisors accumulated 2,260 shares or 0% of the stock. Diker Mngmt Limited Liability Com reported 21,094 shares or 0.23% of all its holdings. Perritt Capital Management Incorporated accumulated 0.19% or 26,000 shares. Parametric Portfolio Associates Limited Liability Corporation has 0% invested in the company for 13,340 shares.
Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 4 insider sales for $370,635 net activity. Shares for $85,862 were sold by Tong Richard. $126,396 worth of shares were sold by Hockman Alexander A. on Monday, August 29. RAMA MICHAEL P sold $36,839 worth of stock or 1,046 shares.
More news for NV5 Global Inc (NASDAQ:NVEE) were recently published by: Marketwired.com, which released: “CORRECTION – NV5 Global, Inc.” on October 07, 2016. Streetinsider.com‘s article titled: “NV5 Global (NVEE) Enters Agreement to Acquire JBA Consulting Engineers …” and published on October 27, 2016 is yet another important article.
NVEE Company Profile
NV5 Global, Inc., formerly NV5 Holdings, Inc., incorporated on September 12, 2011, is a holding company. The Firm provides professional and technical engineering and consulting solutions to public and private sector clients. The Company’s activities are organized into three divisions: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM). The INF segment provides to clients a broad array of services in the area of engineering, design and support services, including energy services. The CQA segment provides construction inspection; geotechnical and engineering services; construction claims and litigation services, and environmental quality testing services. The PM segment provides program management for transportation and vertical construction projects, including construction management.
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