NV5 Global (NASDAQ:NVEE) Hits New 52-Week Low - Should You Sell?

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $16.20 and last traded at $16.33, with a volume of 36071 shares. The stock had previously closed at $18.00.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Roth Mkm lifted their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Maxim Group lowered their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st.

NV5 Global Stock Down 2.3 %

The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.63 and a beta of 1.07. The firm has a 50 day moving average of $17.97 and a 200 day moving average of $19.99. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. As a group, sell-side analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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NV5 Global announced that its board has authorized a stock repurchase 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 purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On NV5 Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas raised its stake in NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after buying an additional 1,050 shares during the period. Sterling Capital Management LLC increased its holdings in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after acquiring an additional 1,461 shares in the last quarter. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% during the fourth 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 period. SRS Capital Advisors Inc. lifted its holdings in shares of NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after purchasing an additional 2,680 shares in the last quarter. Finally, KBC Group NV grew its position in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after purchasing an additional 3,550 shares during the period. 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.