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

NV5 Global, Inc. (NASDAQ:NVEE)’s share price hit a new 52-week low on Monday . The stock traded as low as $14.96 and last traded at $14.96, with a volume of 102000 shares trading hands. The stock had previously closed at $15.82.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVEE. Roth Mkm lifted their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

NV5 Global Price Performance

The stock’s fifty day moving average price is $17.76 and its 200-day moving average price is $19.71. 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 has a market cap of $979.72 million, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. Equities research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global declared that its Board of Directors has authorized a stock repurchase program on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On NV5 Global

Several institutional investors have recently made changes to their positions in NVEE. BNP Paribas lifted its position in shares of NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock worth $26,000 after buying an additional 1,050 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. boosted its stake in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares during the period. GAMMA Investing LLC grew its holdings in NV5 Global by 9,916.7% in the 1st quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider’s stock valued at $58,000 after buying an additional 2,975 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

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.