NV5 Global (NASDAQ:NVEE) Hits New 1-Year Low at $88.26

NV5 Global, Inc. (NASDAQ:NVEE)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $88.26 and last traded at $91.19, with a volume of 55932 shares traded. The stock had previously closed at $90.05.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TheStreet downgraded shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $128.00 target price (up previously from $121.00) on shares of NV5 Global in a report on Thursday, May 9th.

NV5 Global Trading Up 1.3 %

The stock has a market cap of $1.47 billion, a PE ratio of 35.59, a P/E/G ratio of 1.21 and a beta of 1.22. The business’s fifty day moving average is $93.49 and its 200 day moving average is $100.48. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19). The company had revenue of $213.40 million for the quarter, compared to analysts’ expectations of $208.42 million. NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. As a group, analysts predict that NV5 Global, Inc. will post 5.04 earnings per share for the current year.

Insiders Place Their Bets

In other NV5 Global news, CFO Edward H. Codispoti sold 760 shares of NV5 Global stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $91.46, for a total transaction of $69,509.60. Following the completion of the transaction, the chief financial officer now owns 16,929 shares in the company, valued at $1,548,326.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Richard Tong sold 3,119 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $94.00, for a total value of $293,186.00. Following the completion of the transaction, the vice president now owns 16,288 shares of the company’s stock, valued at $1,531,072. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Edward H. Codispoti sold 760 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total transaction of $69,509.60. Following the completion of the transaction, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at approximately $1,548,326.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,123 shares of company stock worth $763,857. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Institutional investors have recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new position in shares of NV5 Global in the first quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new position in shares of NV5 Global in the fourth quarter valued at approximately $36,000. Cim LLC acquired a new position in shares of NV5 Global in the fourth quarter valued at approximately $206,000. Cetera Trust Company N.A acquired a new position in NV5 Global during the fourth quarter worth approximately $231,000. Finally, SG Americas Securities LLC acquired a new position in NV5 Global during the first quarter worth approximately $228,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

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.