NV5 Global (NASDAQ:NVEE) Sets New 52-Week Low at $89.30

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

Analysts Set New Price Targets

A number of brokerages recently commented on NVEE. TheStreet downgraded shares of NV5 Global from a "b-" rating to a "c+" rating in a report on Wednesday, February 28th. StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, NV5 Global presently has a consensus rating of "Moderate Buy" and an average target price of $119.67.

NV5 Global Trading Down 1.6 %

The company's 50 day simple moving average is $100.12 and its 200-day simple moving average is $102.04. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.42 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.18 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share 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 company had revenue of $215.50 million for the quarter, compared to the consensus estimate of $216.00 million. During the same period in the prior year, the firm posted $1.21 EPS. As a group, research analysts predict that NV5 Global, Inc. will post 5.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Donald C. Alford sold 2,459 shares of the business'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 value of $244,744.27. Following the completion of the transaction, the vice president now owns 3,542 shares of the company's stock, valued at $352,535.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Donald C. Alford sold 2,459 shares of the business'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 value of $244,744.27. Following the completion of the transaction, the vice president now owns 3,542 shares of the company's stock, valued at $352,535.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald C. Alford sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 2,541 shares of the company's stock, valued at approximately $254,404.92. The disclosure for this sale can be found here. 12.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NV5 Global

Several institutional investors and hedge funds have recently bought and sold shares of NVEE. JPMorgan Chase & Co. grew its holdings 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 worth $1,278,000 after purchasing an additional 141 shares during the last quarter. US Bancorp DE grew its holdings in shares of NV5 Global by 1,730.8% during the first quarter. US Bancorp DE now owns 1,904 shares of the business services provider's stock valued at $254,000 after buying an additional 1,800 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of NV5 Global during the first quarter valued at $280,000. Citigroup Inc. grew 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 valued at $1,429,000 after buying an additional 554 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of 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 buying an additional 2,388 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

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.