NV5 Global (NASDAQ:NVEE) Reaches New 12-Month Low - Time to Sell?

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.13 and last traded at $17.10, with a volume of 149229 shares changing hands. The stock had previously closed at $17.49.

Analysts Set New Price Targets

NVEE has been the topic of several recent research reports. Roth Mkm lifted their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday. Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Robert W. Baird decreased their price objective on NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.67.

NV5 Global Price Performance

The company has a market cap of $1.15 billion, a P/E ratio of 31.56, a PEG ratio of 2.57 and a beta of 1.23. The company has a fifty day moving average price of $18.52 and a two-hundred day moving average price of $21.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The company had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. On average, sell-side analysts anticipate that NV5 Global, Inc. will post 1.19 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction 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 trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NV5 Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of NV5 Global by 288.4% during the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after acquiring an additional 2,793,280 shares during the period. Cercano Management LLC boosted its holdings in shares of NV5 Global by 208.8% during the fourth quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock worth $73,958,000 after acquiring an additional 2,654,405 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NV5 Global by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock worth $47,370,000 after acquiring an additional 1,901,998 shares during the period. American Century Companies Inc. boosted its holdings in shares of NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after acquiring an additional 1,639,014 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock worth $28,462,000 after acquiring an additional 1,420,417 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.