NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $21.64 and last traded at $21.64, with a volume of 109838 shares trading hands. The stock had previously closed at $22.00.
Analysts Set New Price Targets
A number of brokerages have commented on NVEE. Roth Mkm restated a "buy" rating and set a $32.50 price target (up previously from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Saturday, October 19th.
Read Our Latest Stock Report on NVEE
NV5 Global Stock Performance
The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market cap of $1.42 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company's 50 day moving average price is $23.12 and its 200-day moving average price is $23.46.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business's revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that NV5 Global, Inc. will post 1.27 EPS for the current fiscal year.
Insider Transactions at NV5 Global
In related news, Director Tardan Francois sold 6,644 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $24.08, for a total value of $159,987.52. Following the transaction, the director now directly owns 20,600 shares of the company's stock, valued at approximately $496,048. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.40% of the company's stock.
Hedge Funds Weigh In On NV5 Global
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its holdings in NV5 Global by 3.2% during the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider's stock valued at $349,000 after purchasing an additional 115 shares during the last quarter. QV Investors Inc. lifted its holdings in NV5 Global by 2.6% during the second quarter. QV Investors Inc. now owns 4,660 shares of the business services provider's stock valued at $433,000 after purchasing an additional 120 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in NV5 Global by 1.9% during the first quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider's stock valued at $728,000 after purchasing an additional 137 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in NV5 Global by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider's stock valued at $1,091,000 after purchasing an additional 145 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in NV5 Global by 5.1% during the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider's stock valued at $322,000 after purchasing an additional 167 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.
About NV5 Global
(
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.
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