NV5 Global (NASDAQ:NVEE) Sets New 52-Week Low – Time to Sell?

NV5 Global, Inc. (NASDAQ:NVEE)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $19.79 and last traded at $20.05, with a volume of 63828 shares traded. The stock had previously closed at $19.92.

Analysts Set New Price Targets

Several analysts have commented on the company. Robert W. Baird cut their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday.

NV5 Global Trading Down 2.4 %

The company’s 50 day moving average price is $22.35 and its two-hundred day moving average price is $23.11. 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 cap of $1.27 billion, a PE ratio of 34.67, a P/E/G ratio of 3.21 and a beta of 1.19.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Several hedge funds have recently modified their holdings of the stock. Inspire Investing LLC grew its position in shares of NV5 Global by 3.2% during the 2nd quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 115 shares during the period. Texas Permanent School Fund Corp boosted its position 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 valued at $1,050,000 after buying an additional 166 shares during the period. Commonwealth Equity Services LLC grew its position in shares of NV5 Global by 5.1% during the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock worth $322,000 after buying an additional 167 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in NV5 Global by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the business services provider’s stock valued at $604,000 after buying an additional 200 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in shares of NV5 Global by 3.0% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,501 shares of the business services provider’s stock worth $697,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds 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.