NV5 Global (NASDAQ:NVEE) Reaches New 12-Month Low – What’s Next?

Shares of NV5 Global, Inc. (NASDAQ:NVEE) hit a new 52-week low on Monday . The stock traded as low as $21.40 and last traded at $21.74, with a volume of 53292 shares traded. The stock had previously closed at $21.76.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NVEE shares. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. Roth Mkm reissued a “buy” rating and set a $32.50 target price (up previously from $32.00) on shares of NV5 Global in a research note on Thursday, August 8th. Finally, Robert W. Baird decreased 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 note on Friday, November 8th.

NV5 Global Stock Performance

The company has a market cap of $1.39 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 3.50 and a beta of 1.19. The firm’s 50 day simple moving average is $22.85 and its 200-day simple moving average is $23.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

Institutional Trading of NV5 Global

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of NV5 Global by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after purchasing an additional 39,350 shares in the last quarter. American Century Companies Inc. grew its holdings in NV5 Global by 16.6% in 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 buying an additional 65,186 shares in the last quarter. Geneva Capital Management LLC increased its stake in shares of NV5 Global by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after acquiring an additional 5,757 shares during the last quarter. Swedbank AB raised its holdings in shares of NV5 Global by 27.3% during the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock worth $32,718,000 after acquiring an additional 75,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of NV5 Global by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock valued at $30,577,000 after acquiring an additional 5,035 shares during the last quarter. Hedge funds and other institutional investors 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.