NV5 Global (NASDAQ:NVEE) Reaches New 52-Week Low – Here’s Why

NV5 Global, Inc. (NASDAQ:NVEE)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $17.13 and last traded at $17.10, with a volume of 149229 shares traded. The stock had previously closed at $17.49.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird decreased 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 company has a market cap of $1.13 billion, a PE ratio of 30.99, a P/E/G ratio of 2.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $21.41.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. As a group, equities analysts anticipate that NV5 Global, Inc. will post 1.19 EPS for the current year.

NV5 Global declared that its Board of Directors has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. QV Investors Inc. lifted its position in shares of NV5 Global by 914.2% during the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after purchasing an additional 43,790 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after purchasing an additional 73,944 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock worth $945,000 after purchasing an additional 37,384 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its position in shares of NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after purchasing an additional 53,014 shares in the last quarter. 75.54% of the stock is 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.