NV5 Global (NASDAQ:NVEE) Hits New 1-Year Low – What’s Next?

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Robert W. Baird dropped their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 8th.

NV5 Global Stock Performance

The stock has a market cap of $1.23 billion, a P/E ratio of 33.49, a PEG ratio of 2.75 and a beta of 1.22. The stock has a fifty day simple moving average of $19.52 and a 200-day simple moving average of $22.12. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

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

NV5 Global declared that its board has authorized a stock buyback program on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its holdings in NV5 Global by 21.7% during the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of NV5 Global by 3,950.0% in the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 632 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of NV5 Global by 17.6% in the 3rd quarter. Inspire Investing LLC now owns 4,417 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 661 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of NV5 Global by 12.5% in the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock valued at $593,000 after acquiring an additional 703 shares during the last quarter. Finally, Versor Investments LP raised its holdings in NV5 Global by 23.7% during the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock worth $393,000 after acquiring an additional 806 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

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.