Exclusive: Could NV5 Global Inc Go Down After Making 52-Week High?

Exclusive: Could NV5 Global Inc Go Down After Making 52 Week High?

The stock of NV5 Global Inc (NASDAQ:NVEE) hit a new 52-week high and has $37.96 target or 4.00% above today’s $36.50 share price. The 5 months bullish chart indicates low risk for the $382.04 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $37.96 price target is reached, the company will be worth $15.28 million 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. The stock decreased 0.14% or $0.05 during the last trading session, hitting $36.5. About 71,368 shares traded hands. NV5 Global Inc (NASDAQ:NVEE) has risen 45.39% since April 28, 2016 and is uptrending. It has outperformed by 39.46% the S&P500.

Analysts await NV5 Global Inc (NASDAQ:NVEE) to report earnings on March, 9. They expect $0.44 EPS, up 7.32% or $0.03 from last year’s $0.41 per share. NVEE’s profit will be $4.61M for 20.74 P/E if the $0.44 EPS becomes a reality. After $0.41 actual EPS 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. The stock has “Buy” rating given by Singular Research on Friday, July 22. The stock has “Accumulate” rating given by Seaport Global Securities on Monday, January 18. The firm has “Accumulate” rating by Seaport Global Securities given on Friday, January 15. Seaport Global Securities upgraded it to “Buy” rating and $36 target price in Monday, September 19 report. Zacks upgraded it to “Strong-Buy” rating and $23 target price in Monday, September 7 report.

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 is 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.
Commercial Bank Of Ny Mellon owns 27,252 shares or 0% of their US portfolio. Moreover, Allianz Asset Mngmt Ag has 0% invested in NV5 Global Inc (NASDAQ:NVEE) for 151,842 shares. The Pennsylvania-based Nationwide Fund has invested 0% in NV5 Global Inc (NASDAQ:NVEE). Creative Planning accumulated 3,494 shares or 0% of the stock. Bridgeway Cap Mngmt Inc owns 59,600 shares or 0.03% of their US portfolio. Oberweis Asset reported 30,700 shares or 0.26% of all its holdings. Manufacturers Life Insur Com The, a Ontario – Canada-based fund reported 5,427 shares. Blackrock Investment Mgmt Lc owns 29,731 shares or 0% of their US portfolio. Wells Fargo & Mn has invested 0% of its portfolio in NV5 Global Inc (NASDAQ:NVEE). Manatuck Hill Partners Ltd Liability Co owns 282,907 shares or 3.55% of their US portfolio. Morgan Stanley, a New York-based fund reported 1,096 shares. Vanguard Grp Inc Inc Inc, a Pennsylvania-based fund reported 268,335 shares. Moreover, Gilder Gagnon Howe And Limited Liability has 0.11% invested in NV5 Global Inc (NASDAQ:NVEE) for 189,753 shares. State Street last reported 0% of its portfolio in the stock. Wasatch Advsrs Inc last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 4 insider sales for $370,635 net activity. $36,839 worth of shares were sold by RAMA MICHAEL P on Tuesday, August 16. Shares for $85,862 were sold by Tong Richard on Monday, August 15. 4,000 NV5 Global Inc (NASDAQ:NVEE) shares with value of $126,396 were sold by Hockman Alexander A..

More news for NV5 Global Inc (NASDAQ:NVEE) were recently published by: Streetinsider.com, which released: “NV5 Global (NVEE) Announces Acquisition of The Hanna Group” on December 01, 2016. Marketwired.com‘s article titled: “CORRECTION – NV5 Global, Inc.” and published on October 07, 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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