Shares of NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $14.96 and last traded at $14.96, with a volume of 102000 shares trading hands. The stock had previously closed at $15.82.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on NVEE. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Maxim Group dropped their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Roth Mkm boosted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st.
Check Out Our Latest Research Report on NVEE
NV5 Global Trading Down 2.3 %
The firm's fifty day moving average price is $17.61 and its 200-day moving average price is $19.56. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 2.63 and a beta of 1.07. 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 posted its earnings results 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). The firm had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. On average, equities analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.
NV5 Global announced that its Board of Directors has authorized a share repurchase plan 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 purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On NV5 Global
Institutional investors and hedge funds have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC boosted its holdings in shares of NV5 Global by 17.7% in the first quarter. Conestoga Capital Advisors LLC now owns 73,872 shares of the business services provider's stock valued at $1,424,000 after acquiring an additional 11,120 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in NV5 Global by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider's stock worth $288,000 after purchasing an additional 1,203 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in NV5 Global by 3.3% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 43,471 shares of the business services provider's stock valued at $838,000 after purchasing an additional 1,392 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of NV5 Global by 42.6% during the 1st quarter. Handelsbanken Fonder AB now owns 14,400 shares of the business services provider's stock valued at $277,000 after purchasing an additional 4,300 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of NV5 Global by 95.5% in the 1st quarter. SG Americas Securities LLC now owns 24,365 shares of the business services provider's stock worth $470,000 after buying an additional 11,899 shares in the last quarter. Institutional investors own 75.54% of the company's stock.
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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