NV5 Global (NASDAQ:NVEE) Sets New 1-Year Low – Should You Sell?

Shares of NV5 Global, Inc. (NASDAQ:NVEE) reached a new 52-week low during trading on Tuesday . The company traded as low as $18.43 and last traded at $18.85, with a volume of 15646 shares traded. The stock had previously closed at $18.76.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird lowered their price objective 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. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

NV5 Global Trading Up 3.5 %

The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.21 and a beta of 1.22. The firm’s 50 day moving average is $21.02 and its 200 day moving average is $22.65. 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 announced that its board has initiated a stock buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value 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 trade represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Inspire Investing LLC grew its stake in NV5 Global by 3.2% during the 2nd quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 115 shares in the last quarter. Texas Permanent School Fund Corp grew its position in NV5 Global by 1.5% during the second quarter. Texas Permanent School Fund Corp now owns 11,296 shares of the business services provider’s stock valued at $1,050,000 after purchasing an additional 166 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in NV5 Global by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after buying an additional 167 shares during the period. Handelsbanken Fonder AB lifted its position in NV5 Global by 21.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after buying an additional 500 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of NV5 Global by 1.9% during the 2nd quarter. King Luther Capital Management Corp now owns 28,213 shares of the business services provider’s stock valued at $2,623,000 after buying an additional 538 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.

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.