NV5 Global (NASDAQ:NVEE) Hits New 1-Year Low – What’s Next?

NV5 Global, Inc. (NASDAQ:NVEE)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $21.64 and last traded at $21.64, with a volume of 109838 shares changing hands. The stock had previously closed at $22.00.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVEE shares. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Roth Mkm reissued a “buy” rating and set a $32.50 price target (up from $32.00) on shares of NV5 Global in a research report on Thursday, August 8th.

NV5 Global Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The company has a fifty day moving average of $23.21 and a two-hundred day moving average of $23.49. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 1.28 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. As a group, equities research analysts predict that NV5 Global, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at NV5 Global

In related news, Director Tardan Francois sold 6,644 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $24.08, for a total value of $159,987.52. Following the completion of the sale, the director now directly owns 20,600 shares of the company’s stock, valued at $496,048. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On NV5 Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NV5 Global by 0.8% during the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after acquiring an additional 8,032 shares during the period. Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after purchasing an additional 39,350 shares in the last quarter. American Century Companies Inc. boosted its stake in NV5 Global by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after purchasing an additional 65,186 shares during the period. Swedbank AB grew its holdings in NV5 Global by 27.3% during the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after buying an additional 75,000 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of NV5 Global by 10.8% during the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after buying an additional 18,625 shares during the period. 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.