NV5 Global (NASDAQ:NVEE) Sets New 12-Month Low – Time to Sell?

NV5 Global, Inc. (NASDAQ:NVEE)’s share price reached a new 52-week low on Friday . The stock traded as low as $21.43 and last traded at $21.48, with a volume of 170059 shares changing hands. The stock had previously closed at $21.81.

Analyst Upgrades and Downgrades

NVEE has been the topic of several research reports. Roth Mkm restated a “buy” rating and set a $32.50 price objective (up previously from $32.00) on shares of NV5 Global in a research report on Thursday, August 8th. Robert W. Baird reduced their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, October 19th.

NV5 Global Stock Performance

The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average is $23.00 and its 200 day moving average is $23.43. The company has a market cap of $1.40 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.17.

Insider Activity at NV5 Global

In other NV5 Global news, Director Tardan Francois sold 6,644 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $24.08, for a total value of $159,987.52. Following the sale, the director now owns 20,600 shares of the company’s stock, valued at $496,048. This trade represents a 24.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is owned by insiders.

Institutional Investors Weigh In On NV5 Global

A number of large investors have recently added to or reduced their stakes in the company. Inspire Investing LLC grew its holdings in NV5 Global by 3.2% in the 2nd quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock worth $349,000 after acquiring an additional 115 shares during the last quarter. QV Investors Inc. grew its holdings in NV5 Global by 2.6% in the 2nd quarter. QV Investors Inc. now owns 4,660 shares of the business services provider’s stock worth $433,000 after acquiring an additional 120 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in NV5 Global by 1.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 11,296 shares of the business services provider’s stock worth $1,050,000 after acquiring an additional 166 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings 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 worth $322,000 after acquiring an additional 167 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in NV5 Global by 4.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,105 shares of the business services provider’s stock worth $427,000 after acquiring an additional 180 shares during the last quarter. 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.