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

NV5 Global, Inc. (NASDAQ:NVEE) shares hit a new 52-week low on Friday . The company traded as low as $21.43 and last traded at $21.48, with a volume of 170059 shares trading hands. The stock had previously closed at $21.81.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird cut their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $32.50 target price (up previously from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th.

NV5 Global Stock Performance

The company has a market capitalization of $1.40 billion, a PE ratio of 38.22, a PEG ratio of 3.52 and a beta of 1.17. The business’s 50-day moving average is $23.00 and its 200-day moving average is $23.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

Insiders Place Their Bets

In other 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 value of $159,987.52. Following the completion of the sale, the director now directly owns 20,600 shares in the company, valued at $496,048. The trade was a 24.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

A number of large investors have recently made changes to their positions in NVEE. Vanguard Group Inc. grew its position 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 valued at $93,943,000 after buying an additional 8,032 shares during the period. Dimensional Fund Advisors LP grew its position in NV5 Global by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after buying an additional 39,350 shares during the period. American Century Companies Inc. grew its position in NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after buying an additional 65,186 shares during the period. Geneva Capital Management LLC grew its position in 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 buying an additional 5,757 shares during the period. Finally, Swedbank AB grew its position in NV5 Global by 27.3% during the third 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 during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Company Profile

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.