NV5 Global (NASDAQ:NVEE) Reaches New 12-Month Low Following Insider Selling

NV5 Global, Inc. (NASDAQ:NVEE)’s share price hit a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $88.14 and last traded at $88.71, with a volume of 8173 shares changing hands. The stock had previously closed at $89.07.

Specifically, Director Tardan Francois sold 1,661 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the sale, the director now directly owns 5,150 shares of the company’s stock, valued at $496,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and issued a $130.00 price objective (up previously from $128.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Trading Up 0.3 %

The firm’s fifty day moving average is $96.17 and its two-hundred day moving average is $95.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.46 billion, a P/E ratio of 35.47, a PEG ratio of 1.23 and a beta of 1.18.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The company had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. NV5 Global’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. Analysts predict that NV5 Global, Inc. will post 5.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in NV5 Global by 0.8% in the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after purchasing an additional 8,032 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NV5 Global by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after acquiring an additional 39,350 shares in the last quarter. American Century Companies Inc. lifted its position in NV5 Global by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after acquiring an additional 65,186 shares during the period. Swedbank AB boosted its stake in NV5 Global by 37.5% during the second quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock worth $25,567,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in NV5 Global by 10.8% in the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock worth $17,810,000 after purchasing an additional 18,625 shares during the period. 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.