NV5 Global (NASDAQ:NVEE) Hits New 1-Year Low at $89.30

NV5 Global, Inc. (NASDAQ:NVEE) shares hit a new 52-week low on Thursday . The stock traded as low as $89.30 and last traded at $89.46, with a volume of 109688 shares traded. The stock had previously closed at $90.87.

Wall Street Analysts Forecast Growth

NVEE has been the topic of a number of recent research reports. TheStreet downgraded shares of NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, NV5 Global presently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

NV5 Global Stock Performance

The firm’s 50 day moving average is $100.50 and its 200 day moving average is $102.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $1.42 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $216.00 million. During the same quarter in the prior year, the company posted $1.21 EPS. Analysts anticipate that NV5 Global, Inc. will post 5.02 EPS for the current year.

Insider Transactions at NV5 Global

In related news, VP Donald C. Alford sold 2,459 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the transaction, the vice president now directly owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the sale, the vice president now owns 2,541 shares of the company’s stock, valued at $254,404.92. The disclosure for this sale can be found here. Insiders own 12.40% of the company’s stock.

Institutional Trading of NV5 Global

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in NV5 Global by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 9,594 shares of the business services provider’s stock valued at $1,278,000 after buying an additional 141 shares during the last quarter. US Bancorp DE boosted its holdings in shares of NV5 Global by 1,730.8% in the 1st quarter. US Bancorp DE now owns 1,904 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 1,800 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of NV5 Global in the first quarter worth $280,000. Citigroup Inc. raised its holdings in shares of NV5 Global by 5.5% during the first quarter. Citigroup Inc. now owns 10,714 shares of the business services provider’s stock worth $1,429,000 after purchasing an additional 554 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in NV5 Global by 51.5% during the first quarter. MetLife Investment Management LLC now owns 7,024 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 2,388 shares during the period. 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.