NV5 Global (NASDAQ:NVEE) Sets New 1-Year Low – Time to Sell?

NV5 Global, Inc. (NASDAQ:NVEEGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $17.13 and last traded at $17.10, with a volume of 149229 shares changing hands. The stock had previously closed at $17.49.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVEE. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Robert W. Baird lowered their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

Read Our Latest Stock Report on NVEE

NV5 Global Price Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.73 and a beta of 1.23. The company has a fifty day moving average price of $18.73 and a two-hundred day moving average price of $21.50. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global announced that its Board of Directors has authorized a stock buyback program on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company’s stock, valued at $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.40% of the stock is owned by insiders.

Institutional Trading of NV5 Global

Several institutional investors have recently bought and sold shares of the stock. Cercano Management LLC boosted its stake in NV5 Global by 208.8% in the 4th quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider’s stock valued at $73,958,000 after buying an additional 2,654,405 shares in the last quarter. Vanguard Group Inc. raised its position in NV5 Global by 288.4% in the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider’s stock valued at $70,875,000 after purchasing an additional 2,793,280 shares during the last quarter. Dimensional Fund Advisors LP raised its position in NV5 Global by 310.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider’s stock valued at $47,370,000 after purchasing an additional 1,901,998 shares during the last quarter. American Century Companies Inc. raised its position in NV5 Global by 322.4% in the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider’s stock valued at $40,456,000 after purchasing an additional 1,639,014 shares during the last quarter. Finally, Swedbank AB raised its position in NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Company Profile

(Get Free Report)

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.

Recommended Stories

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.