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

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $17.90 and last traded at $17.96, with a volume of 178200 shares. The stock had previously closed at $18.22.

Analyst Ratings Changes

Several research analysts recently weighed in on NVEE shares. StockNews.com raised shares of NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th. Robert W. Baird dropped their target price on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, November 8th.

NV5 Global Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 2.73 and a beta of 1.23. The firm's fifty day simple moving average is $19.15 and its 200 day simple moving average is $21.83.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its 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 company had revenue of $250.89 million for the quarter, compared to analyst estimates of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same quarter last year, the business posted $0.38 earnings per share. On average, sell-side analysts forecast that NV5 Global, Inc. will post 1.19 earnings per share for the current year.

NV5 Global announced that its Board of Directors has approved a stock repurchase program on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Insider Activity

In other news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is owned by corporate insiders.

Institutional Trading of NV5 Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares during the last quarter. KBC Group NV increased its holdings in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in NV5 Global by 300.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock worth $106,000 after buying an additional 4,200 shares during the last quarter. Finally, Cetera Trust Company N.A increased its holdings in NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after buying an additional 3,570 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

About NV5 Global

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.