NV5 Global (NASDAQ:NVEE) Hits New 1-Year Low - Here's What Happened

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $14.96 and last traded at $14.96, with a volume of 102000 shares. The stock had previously closed at $15.82.

Analyst Ratings Changes

NVEE has been the topic of several analyst reports. Maxim Group decreased their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Roth Mkm boosted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st.

NV5 Global Trading Down 0.2 %

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 firm has a market capitalization of $1.05 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The firm's 50-day simple moving average is $17.59 and its 200-day simple moving average is $19.48.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its Board of Directors has approved a stock repurchase plan on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On NV5 Global

A number of large investors have recently modified their holdings of NVEE. BNP Paribas grew its position in NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after acquiring an additional 1,050 shares during the last quarter. Sterling Capital Management LLC lifted its stake in NV5 Global by 3,320.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. boosted its position in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the period. GAMMA Investing LLC grew its stake in shares of NV5 Global by 9,916.7% during the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock valued at $58,000 after buying an additional 2,975 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after acquiring an additional 2,680 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.