NV5 Global (NASDAQ:NVEE) Hits New 12-Month Low – Here’s What Happened

NV5 Global, Inc. (NASDAQ:NVEE) shares hit a new 52-week low on Friday . The stock traded as low as $21.43 and last traded at $21.48, with a volume of 170059 shares. The stock had previously closed at $21.81.

Analyst Upgrades and Downgrades

NVEE has been the subject of several recent research reports. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Roth Mkm restated a “buy” rating and set a $32.50 target price (up from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th. Finally, Robert W. Baird lowered their target price on 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 Down 1.4 %

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm’s 50-day moving average price is $23.02 and its 200 day moving average price is $23.44. The firm has a market cap of $1.40 billion, a P/E ratio of 38.95, a PEG ratio of 3.58 and a beta of 1.17.

Insider Transactions at NV5 Global

In other news, Director Tardan Francois sold 6,644 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.08, for a total transaction of $159,987.52. Following the transaction, the director now owns 20,600 shares of the company’s stock, valued at approximately $496,048. This trade represents a 24.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in NV5 Global by 0.8% in the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after acquiring an additional 8,032 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after acquiring an additional 39,350 shares during the last quarter. American Century Companies Inc. lifted its holdings in NV5 Global by 16.6% in the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after acquiring an additional 65,186 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in NV5 Global by 1.3% in the third quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after acquiring an additional 5,757 shares during the last quarter. Finally, Swedbank AB lifted its holdings in NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after acquiring an additional 75,000 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.

About NV5 Global

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.