The stock of NV5 Global Inc (NASDAQ:NVEE) reached all time high today, Nov, 25 and still has $39.17 target or 6.00% above today’s $36.95 share price. This indicates more upside for the $394.77 million company. This technical setup was reported by Barchart.com. If the $39.17 PT is reached, the company will be worth $23.69 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 23,451 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 $4.70 million for 20.99 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. Zacks upgraded it to “Strong-Buy” rating and $23 target price in Monday, September 7 report. The rating was upgraded by Seaport Global Securities to “Accumulate” on Monday, January 18. The company was initiated on Friday, July 22 by Singular Research. Seaport Global Securities upgraded NV5 Global Inc (NASDAQ:NVEE) on Friday, January 15 to “Accumulate” rating. The stock of NV5 Global Inc (NASDAQ:NVEE) earned “Buy” rating by Seaport Global Securities on Monday, September 19.
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 dived, 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.
Oberweis Asset has 0.26% invested in the company for 30,700 shares. Perritt Mgmt has invested 0.19% of its portfolio in NV5 Global Inc (NASDAQ:NVEE). Nationwide Fund Advsr holds 4,786 shares or 0% of its portfolio. Blackrock Advsr Llc holds 2,260 shares or 0% of its portfolio. Gilder Gagnon Howe Company Lc last reported 189,753 shares in the company. Awm Investment Com last reported 77,500 shares in the company. Northern Tru holds 94,657 shares or 0% of its portfolio. Moreover, Manufacturers Life Insurance Co The has 0% invested in NV5 Global Inc (NASDAQ:NVEE) for 5,427 shares. Northpointe Cap Limited Liability holds 0.3% or 89,816 shares in its portfolio. The Massachusetts-based Cadence Mgmt Lc has invested 0.06% in NV5 Global Inc (NASDAQ:NVEE). Summit Secs Group Inc Ltd Llc reported 10,213 shares or 0.15% of all its holdings. Oxford Asset holds 0.06% of its portfolio in NV5 Global Inc (NASDAQ:NVEE) for 49,547 shares. Castleark Mngmt Lc accumulated 152,922 shares or 0.14% of the stock. Axiom Intll Investors Ltd Liability Corporation De has 0.04% invested in the company for 53,750 shares. Moreover, Manatuck Hill Limited Liability Corp has 3.55% invested in NV5 Global Inc (NASDAQ:NVEE) for 282,907 shares.
Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 4 sales for $370,635 net activity. RAMA MICHAEL P sold 1,046 shares worth $36,839. $85,862 worth of NV5 Global Inc (NASDAQ:NVEE) shares were sold by Tong Richard. $126,396 worth of NV5 Global Inc (NASDAQ:NVEE) was sold by Hockman Alexander A. on Monday, August 29.
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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