NV5 Global (NASDAQ:NVEE) Hits New 12-Month Low – Time to Sell?

NV5 Global, Inc. (NASDAQ:NVEE) reached a new 52-week low on Thursday . The stock traded as low as $17.92 and last traded at $18.09, with a volume of 45764 shares. The stock had previously closed at $18.23.

Analyst Ratings Changes

Several research analysts have commented on NVEE shares. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Robert W. Baird dropped their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

NV5 Global Trading Down 0.1 %

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The business’s 50 day moving average price is $19.65 and its 200-day moving average price is $22.19.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The company had revenue of $250.89 million for the quarter, compared to the consensus estimate of $250.50 million. During the same period in the previous year, the business posted $0.38 earnings per share. On average, research analysts forecast that NV5 Global, Inc. will post 1.18 EPS for the current year.

NV5 Global announced that its board has authorized a share buyback plan on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after acquiring an additional 1,864 shares during the last quarter. KBC Group NV raised its holdings in NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,550 shares during the last quarter. Cetera Trust Company N.A boosted its stake in shares of NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 3,570 shares during the last quarter. Liberty One Investment Management LLC grew its position in shares of NV5 Global by 317.9% during the 4th quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after buying an additional 5,157 shares during the period. Finally, Heritage Family Offices LLP acquired a new stake in shares of NV5 Global during the 4th quarter worth approximately $196,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.