NV5 Global (NASDAQ:NVEE) Sets New 52-Week Low – Here’s What Happened

NV5 Global, Inc. (NASDAQ:NVEE) shares hit a new 52-week low on Monday . The stock traded as low as $19.79 and last traded at $20.05, with a volume of 63828 shares trading hands. The stock had previously closed at $19.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. 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 report on Friday, November 8th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday.

NV5 Global Price Performance

The business’s 50 day simple moving average is $22.35 and its 200-day simple moving average is $23.11. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 3.21 and a beta of 1.19. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after buying an additional 39,350 shares during the last quarter. American Century Companies Inc. raised its position 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. Geneva Capital Management LLC boosted its stake in shares of NV5 Global by 1.3% during the third quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock valued at $40,451,000 after purchasing an additional 5,757 shares during the period. Swedbank AB grew its stake in shares of NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in NV5 Global by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock worth $30,577,000 after purchasing an additional 5,035 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

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.