NV5 Global (NASDAQ:NVEE) Reaches New 1-Year Low – Here’s What Happened

NV5 Global, Inc. (NASDAQ:NVEE)’s stock price hit a new 52-week low on Monday . The stock traded as low as $16.20 and last traded at $16.33, with a volume of 36071 shares traded. The stock had previously closed at $18.00.

Analyst Ratings Changes

A number of brokerages recently commented on NVEE. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Roth Mkm increased their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Maxim Group decreased their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

NV5 Global Stock Performance

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $18.25 and a 200-day simple moving average of $20.27. The company has a market capitalization of $1.09 billion, a P/E ratio of 34.13, a PEG ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Equities analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has authorized a share buyback plan on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On NV5 Global

A number of hedge funds have recently added to or reduced their stakes in NVEE. Swiss National Bank lifted its position in shares of NV5 Global by 306.0% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock worth $2,172,000 after purchasing an additional 86,900 shares in the last quarter. QV Investors Inc. increased its stake in shares of NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock valued at $915,000 after buying an additional 43,790 shares during the period. Nordea Investment Management AB raised its position in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after acquiring an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock worth $945,000 after acquiring an additional 37,384 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after acquiring an additional 2,483 shares during the period. 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.