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

NV5 Global, Inc. (NASDAQ:NVEE)’s share price reached a new 52-week low on Wednesday . The company traded as low as $12.12 and last traded at $17.92, with a volume of 691 shares trading hands. The stock had previously closed at $17.77.

Analyst Ratings Changes

A number of analysts recently weighed in on NVEE shares. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Roth Mkm lifted their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Maxim Group reduced their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a report on Friday, February 21st.

NV5 Global Stock Performance

The firm has a fifty day moving average of $18.17 and a 200-day moving average of $20.77. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.63 and a beta of 1.22. 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 (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its board has authorized a share buyback program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On NV5 Global

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in shares of NV5 Global by 300.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 126,379 shares of the business services provider’s stock worth $2,381,000 after acquiring an additional 94,808 shares during the last quarter. Orion Capital Management LLC raised its holdings in shares of NV5 Global by 239.1% in the fourth quarter. Orion Capital Management LLC now owns 7,800 shares of the business services provider’s stock worth $147,000 after acquiring an additional 5,500 shares during the last quarter. Financial Avengers Inc. raised its holdings in shares of NV5 Global by 300.0% in the fourth quarter. Financial Avengers Inc. now owns 6,800 shares of the business services provider’s stock worth $128,000 after acquiring an additional 5,100 shares during the last quarter. Ashford Capital Management Inc. raised its holdings in shares of NV5 Global by 299.1% in the fourth quarter. Ashford Capital Management Inc. now owns 549,500 shares of the business services provider’s stock worth $10,353,000 after acquiring an additional 411,810 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NV5 Global by 289.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,383 shares of the business services provider’s stock worth $2,211,000 after acquiring an additional 87,224 shares during 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.