NV5 Global (NASDAQ:NVEE) Hits New 12-Month Low at $89.30

NV5 Global, Inc. (NASDAQ:NVEE) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $89.30 and last traded at $89.46, with a volume of 109688 shares traded. The stock had previously closed at $90.87.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NVEE shares. TheStreet cut shares of NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NV5 Global presently has an average rating of “Moderate Buy” and an average price target of $119.67.

NV5 Global Stock Down 1.6 %

The firm has a 50 day moving average price of $100.50 and a 200-day moving average price of $102.13. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.42 billion, a PE ratio of 31.01, a PEG ratio of 1.18 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The firm had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $216.00 million. During the same quarter in the prior year, the firm earned $1.21 EPS. Research analysts forecast that NV5 Global, Inc. will post 5.02 EPS for the current fiscal year.

Insider Buying and Selling

In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the sale, the vice president now directly owns 3,542 shares in the company, valued at $352,535.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Donald C. Alford sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the sale, the vice president now owns 2,541 shares in the company, valued at approximately $254,404.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction on Friday, March 8th. The stock was sold at an average price of $99.53, for a total transaction of $244,744.27. Following the sale, the vice president now owns 3,542 shares in the company, valued at $352,535.26. The disclosure for this sale can be found here. Insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

A number of large investors have recently made changes to their positions in NVEE. BlackRock Inc. boosted its holdings in shares of NV5 Global by 1.6% in the second quarter. BlackRock Inc. now owns 2,132,596 shares of the business services provider’s stock valued at $236,228,000 after acquiring an additional 32,931 shares during the period. Vanguard Group Inc. boosted its stake in NV5 Global by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after purchasing an additional 35,291 shares during the period. Dimensional Fund Advisors LP grew its position in NV5 Global by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider’s stock worth $56,872,000 after purchasing an additional 12,437 shares during the last quarter. Morgan Stanley increased its stake in NV5 Global by 329.2% in the third quarter. Morgan Stanley now owns 493,301 shares of the business services provider’s stock valued at $47,471,000 after purchasing an additional 378,353 shares during the period. Finally, State Street Corp raised its holdings in shares of NV5 Global by 2.3% in the second quarter. State Street Corp now owns 457,941 shares of the business services provider’s stock valued at $50,726,000 after buying an additional 10,090 shares during the last quarter. 75.54% of the stock is 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.