NV5 Global (NASDAQ:NVEE) Reaches New 1-Year Low at $89.30

NV5 Global, Inc. (NASDAQ:NVEE)’s share price hit a new 52-week low on Thursday . The company traded as low as $89.30 and last traded at $89.46, with a volume of 109688 shares changing hands. The stock had previously closed at $90.87.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVEE. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. TheStreet downgraded NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, NV5 Global has an average rating of “Moderate Buy” and a consensus target price of $119.67.

NV5 Global Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $99.70 and its 200-day moving average price is $102.00. The stock has a market capitalization of $1.43 billion, a PE ratio of 31.16, a PEG ratio of 1.13 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.08). The company had revenue of $215.50 million for the quarter, compared to the consensus estimate of $216.00 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, equities analysts forecast that NV5 Global, Inc. will post 5.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now owns 3,542 shares in the company, valued at $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the sale, the vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald C. Alford sold 2,459 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the transaction, the vice president now owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

Institutional Trading of NV5 Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. bought a new position in shares of NV5 Global in the fourth quarter worth about $36,000. Point72 Hong Kong Ltd bought a new position in NV5 Global in the 2nd quarter worth about $38,000. PNC Financial Services Group Inc. increased its position in shares of NV5 Global by 148.6% during the second quarter. PNC Financial Services Group Inc. now owns 353 shares of the business services provider’s stock worth $39,000 after acquiring an additional 211 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of NV5 Global by 172.0% during the first quarter. Tower Research Capital LLC TRC now owns 476 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 301 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of NV5 Global in the third quarter valued at approximately $68,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

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.