Shares of NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $17.92 and last traded at $18.09, with a volume of 45764 shares trading hands. The stock had previously closed at $18.23.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on NVEE. StockNews.com raised NV5 Global from a "hold" rating to a "buy" rating in a research 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.
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NV5 Global Trading Down 3.1 %
The business's 50 day moving average price is $19.52 and its 200-day moving average price is $22.08. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $250.89 million for the quarter, compared to analysts' expectations of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same period last year, the firm earned $0.38 EPS. Equities analysts forecast that NV5 Global, Inc. will post 1.18 EPS for the current fiscal year.
NV5 Global announced that its board has authorized a stock repurchase program on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Insider Activity at NV5 Global
In other NV5 Global news, VP Richard Tong sold 20,000 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.40% of the stock is currently owned by corporate insiders.
Institutional Trading of NV5 Global
A number of large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in shares of NV5 Global by 314.9% in the 4th quarter. First Horizon Advisors Inc. now owns 12,303 shares of the business services provider's stock valued at $232,000 after purchasing an additional 9,338 shares in the last quarter. One Day In July LLC grew its stake in NV5 Global by 193.7% during the fourth quarter. One Day In July LLC now owns 10,856 shares of the business services provider's stock worth $205,000 after buying an additional 7,160 shares during the last quarter. Handelsbanken Fonder AB grew its stake in NV5 Global by 260.7% during the fourth quarter. Handelsbanken Fonder AB now owns 10,100 shares of the business services provider's stock worth $190,000 after buying an additional 7,300 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of NV5 Global by 294.2% in the fourth quarter. Alberta Investment Management Corp now owns 47,209 shares of the business services provider's stock valued at $889,000 after acquiring an additional 35,232 shares during the last quarter. Finally, New York State Common Retirement Fund boosted 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 acquiring an additional 13,251 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.
NV5 Global Company Profile
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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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