NV5 Global, Inc. (NASDAQ:NVEE – Get Free Report)’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.
Check Out Our Latest Research Report on NV5 Global
NV5 Global Stock Performance
NV5 Global (NASDAQ:NVEE – Get Free Report) 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.
See Also
- Five stocks we like better than NV5 Global
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- 3 Undervalued Stocks You Can Buy at a Discount Now
- What is a Death Cross in Stocks?
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.