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

NV5 Global, Inc. (NASDAQ:NVEE)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $17.67 and last traded at $17.96, with a volume of 44650 shares. The stock had previously closed at $18.12.

Analyst Ratings Changes

NVEE has been the topic of several recent research reports. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Robert W. Baird cut their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th.

NV5 Global Trading Down 0.6 %

The firm has a market capitalization of $1.17 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 2.73 and a beta of 1.23. The company’s 50-day simple moving average is $19.00 and its 200 day simple moving average is $21.72. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global announced that its board has approved a stock buyback plan on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

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

Hedge Funds Weigh In On NV5 Global

Several hedge funds and other institutional investors have recently modified their holdings of NVEE. Handelsbanken Fonder AB raised its position in shares of NV5 Global by 21.7% in 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. Inspire Investing LLC raised its position in NV5 Global by 17.6% during the 3rd 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 during the last quarter. NBC Securities Inc. raised its position in NV5 Global by 2,043.7% during the 3rd quarter. NBC Securities Inc. now owns 3,730 shares of the business services provider’s stock worth $348,000 after buying an additional 3,556 shares during the last quarter. Swedbank AB raised its position in NV5 Global by 27.3% during the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after buying an additional 75,000 shares during the last quarter. Finally, Net Worth Advisory Group purchased a new position in NV5 Global during the 3rd quarter worth approximately $211,000. 75.54% of the stock is owned by hedge funds and other institutional investors.

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.