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

Shares of NV5 Global, Inc. (NASDAQ:NVEE) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $21.64 and last traded at $21.64, with a volume of 109838 shares traded. The stock had previously closed at $22.00.

Wall Street Analysts Forecast Growth

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

NV5 Global Stock Performance

The firm has a market cap of $1.42 billion, a P/E ratio of 43.11, a PEG ratio of 1.28 and a beta of 1.17. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average is $23.12 and its two-hundred day moving average is $23.46.

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

Insiders Place Their Bets

In other NV5 Global news, Director Tardan Francois sold 6,644 shares of NV5 Global stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $24.08, for a total transaction of $159,987.52. Following the transaction, the director now owns 20,600 shares of the company’s stock, valued at $496,048. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Hedge funds have recently modified their holdings of the company. Innealta Capital LLC purchased a new position in NV5 Global in the second quarter valued at approximately $44,000. Blue Trust Inc. lifted its position in shares of NV5 Global by 3,950.0% during the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after buying an additional 632 shares during the last quarter. Net Worth Advisory Group bought a new position in shares of NV5 Global during the 3rd quarter worth $211,000. SG Americas Securities LLC purchased a new stake in NV5 Global in the 1st quarter worth about $228,000. Finally, Janney Montgomery Scott LLC raised its stake in NV5 Global by 11.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,724 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 281 shares during the period. 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.