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

NV5 Global, Inc. (NASDAQ:NVEE) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $17.92 and last traded at $18.09, with a volume of 45764 shares. The stock had previously closed at $18.23.

Wall Street Analysts Forecast Growth

NVEE has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on 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 raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.

NV5 Global Stock Up 3.4 %

The firm has a market capitalization of $1.23 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22. The business has a 50 day moving average price of $19.52 and a 200 day moving average price of $22.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The business had revenue of $250.89 million during the quarter, compared to the consensus estimate of $250.50 million. During the same period in the prior year, the company posted $0.38 earnings per share. On average, analysts predict that NV5 Global, Inc. will post 1.18 earnings per share for the current year.

NV5 Global announced that its board has authorized a stock buyback plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its holdings in shares of NV5 Global by 300.0% in the 4th quarter. New York State Common Retirement Fund now owns 17,668 shares of the business services provider’s stock worth $333,000 after buying an additional 13,251 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in NV5 Global by 297.2% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider’s stock worth $10,541,000 after acquiring an additional 418,610 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NV5 Global by 311.3% during the fourth quarter. Principal Financial Group Inc. now owns 253,115 shares of the business services provider’s stock valued at $4,769,000 after acquiring an additional 191,572 shares during the period. Rhumbline Advisers boosted its stake in shares of NV5 Global by 300.9% in the 4th quarter. Rhumbline Advisers now owns 165,876 shares of the business services provider’s stock valued at $3,125,000 after purchasing an additional 124,502 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares during the last quarter. 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.