NV5 Global (NASDAQ:NVEE) Reaches New 52-Week Low at $89.30

NV5 Global, Inc. (NASDAQ:NVEE)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $89.30 and last traded at $89.46, with a volume of 109688 shares trading hands. The stock had previously closed at $90.87.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NVEE shares. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. TheStreet cut shares of NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, NV5 Global has an average rating of “Moderate Buy” and an average price target of $119.67.

NV5 Global Price Performance

The company has a 50-day moving average of $99.70 and a 200 day moving average of $102.00. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.43 billion, a PE ratio of 31.16, a PEG ratio of 1.13 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $216.00 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. During the same period in the previous year, the company earned $1.21 EPS. Sell-side analysts predict that NV5 Global, Inc. will post 5.02 EPS for the current year.

Insider Activity at NV5 Global

In other news, VP Donald C. Alford sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the transaction, the vice president now directly owns 2,541 shares in the company, valued at approximately $254,404.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NV5 Global news, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the completion of the sale, the vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donald C. Alford sold 2,459 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now directly owns 3,542 shares in the company, valued at approximately $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is owned by corporate insiders.

Institutional Trading of NV5 Global

Hedge funds have recently made changes to their positions in the company. Tributary Capital Management LLC purchased a new position in NV5 Global in the fourth quarter worth approximately $13,890,000. American Century Companies Inc. grew its holdings in shares of NV5 Global by 86.2% during the 3rd quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock worth $32,685,000 after purchasing an additional 157,256 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of NV5 Global during the 3rd quarter worth about $480,000. Fred Alger Management LLC raised its holdings in NV5 Global by 123.0% in the 3rd quarter. Fred Alger Management LLC now owns 37,684 shares of the business services provider’s stock valued at $3,626,000 after buying an additional 20,789 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in NV5 Global by 9.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 132,139 shares of the business services provider’s stock valued at $12,716,000 after buying an additional 11,391 shares during the last quarter. Hedge funds and other institutional investors 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.