Seaport Global Upgrades NV5 Global Inc to Buy

Brokerage firm Seaport Global Upgrades its rating on NV5 Global Inc(NASDAQ:NVEE). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Seaport Global was issued on Sep 19, 2016.

In a different note, Singular Research said it Initiates Coverage on NV5 Global Inc, according to a research note issued on Jul 22, 2016. The shares have been rated ‘Buy’ by the firm.

NV5 Global Inc (NVEE) made into the market gainers list on Thursdays trading session with the shares advancing 1.41% or 0.45 points. Due to strong positive momentum, the stock ended at $32.3, which is also near the day’s high of $32.35. The stock began the session at $32 and the volume stood at 1,09,886 shares. The 52-week high of the shares is $37 and the 52 week low is $15. The company has a current market capitalization of $336 M and it has 1,03,90,554 shares in outstanding.

NV5 Global Inc(NVEE) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $57.13M. Analysts had an estimated revenue of $55.59M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Alexander A. Hockman (President & COO) sold 4,000 shares at $31.60 per share price.Also, On Aug 17, 2016, Michael P Rama (VP and CFO) sold 1,046 shares at $35.22 per share price.On Aug 17, 2016, Richard Tong (Exec VP and General Counsel) sold 2,434 shares at $35.28 per share price, according to the Form-4 filing with the securities and exchange commission.

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. It is involved in the infrastructure energy construction real estate and environmental markets. It focuses on five business verticals including construction quality assurance infrastructure energy program management and environmental solutions. It also provides forensic engineering litigation support condition assessment materials testing and compliance certification. Its clients include the United States federal state municipal and local governments; military and defense clients and public agencies. The Company also serves quasi-public and private sector clients. Its services include planning design consulting permitting inspection and field supervision management oversight forensic engineering litigation support condition assessment and compliance certification.

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