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

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

Analysts Set New Price Targets

A number of research firms have commented on NVEE. Robert W. Baird reduced their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

NV5 Global Stock Down 0.1 %

The firm’s 50 day simple moving average is $19.65 and its two-hundred day simple moving average is $22.19. The firm 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 current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $250.50 million. During the same quarter last year, the firm posted $0.38 earnings per share. On average, equities analysts forecast that NV5 Global, Inc. will post 1.18 EPS for the current year.

NV5 Global announced that its board has authorized a stock buyback program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB grew its holdings in shares of NV5 Global by 21.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. grew its stake in shares of NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after buying an additional 632 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of NV5 Global by 17.6% during the third quarter. Inspire Investing LLC now owns 4,417 shares of the business services provider’s stock worth $413,000 after buying an additional 661 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of NV5 Global by 12.5% during the 3rd 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 in the last quarter. Finally, Versor Investments LP grew its position in NV5 Global by 23.7% during the 3rd 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 during the last quarter. 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.