NV5 Global (NASDAQ:NVEE) Hits New 1-Year Low - Should You Sell?

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $18.36 and last traded at $18.47, with a volume of 198469 shares. The stock had previously closed at $18.87.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVEE. Robert W. Baird cut their price objective on NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. StockNews.com upgraded shares of NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.

NV5 Global Stock Down 3.2 %

The firm has a market cap of $1.19 billion, a PE ratio of 32.48, a PEG ratio of 3.21 and a beta of 1.22. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $20.76 and a 200-day moving average price of $22.56.

NV5 Global declared that its board has approved a stock repurchase plan on Monday, January 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the company'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 completion of the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.40% of the company's stock.

Institutional Investors Weigh In On NV5 Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVEE. Redwood Grove Capital LLC purchased a new position in shares of NV5 Global during the third quarter worth approximately $12,599,000. Swedbank AB increased its stake in NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider's stock valued at $32,718,000 after purchasing an additional 75,000 shares during the period. Nordea Investment Management AB raised its holdings in shares of NV5 Global by 313.3% in the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after buying an additional 73,944 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in shares of NV5 Global by 287.2% during the third quarter. Oak Ridge Investments LLC now owns 98,124 shares of the business services provider's stock worth $9,173,000 after buying an additional 72,780 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider's stock worth $42,461,000 after buying an additional 65,186 shares during the last quarter. Hedge funds and other 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.