NV5 Global (NASDAQ:NVEE) Sets New 1-Year Low – What’s Next?

NV5 Global, Inc. (NASDAQ:NVEE) reached a new 52-week low on Monday . The company traded as low as $18.54 and last traded at $18.63, with a volume of 19446 shares trading hands. The stock had previously closed at $18.94.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird reduced their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th.

NV5 Global Trading Down 1.6 %

The firm has a market capitalization of $1.21 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.21 and a beta of 1.19. The firm’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $22.88. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares of the company’s stock, valued at $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.40% of the stock is owned by corporate insiders.

Institutional Trading of NV5 Global

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in NV5 Global by 3,950.0% during the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 632 shares during the period. Net Worth Advisory Group bought a new position in shares of NV5 Global during the third quarter valued at approximately $211,000. Handelsbanken Fonder AB lifted its stake in NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after acquiring an additional 500 shares during the period. Point72 Asset Management L.P. purchased a new stake in NV5 Global in the second quarter worth $307,000. Finally, Commonwealth Equity Services LLC boosted its holdings in NV5 Global by 5.1% in the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 167 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

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.