NV5 Global (NASDAQ:NVEE) Reaches New 1-Year Low Following Insider Selling

Shares of NV5 Global Inc (NASDAQ:NVEE) hit a new 52-week low during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $46.54 and last traded at $46.82, with a volume of 2184 shares changing hands. The stock had previously closed at $48.75.

Specifically, Director Tardan Francois sold 4,203 shares of NV5 Global stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $48.01, for a total transaction of $201,786.03. Following the sale, the director now owns 3,000 shares in the company, valued at $144,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dickerson Wright sold 25,000 shares of NV5 Global stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $73.11, for a total transaction of $1,827,750.00. The disclosure for this sale can be found here. Insiders have sold 42,450 shares of company stock worth $2,985,210 in the last quarter. Insiders own 19.62% of the company’s stock.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Roth Capital dropped their price objective on shares of NV5 Global from $96.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Zacks Investment Research lowered shares of NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Maxim Group dropped their price objective on shares of NV5 Global from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Lake Street Capital decreased their price target on shares of NV5 Global from $98.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $86.00.

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market cap of $616.46 million, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.74 and a beta of 1.23. The business’s 50-day moving average price is $60.47 and its two-hundred day moving average price is $70.69.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.26). NV5 Global had a return on equity of 12.95% and a net margin of 5.66%. The company had revenue of $131.03 million for the quarter, compared to analyst estimates of $139.05 million. During the same period in the previous year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. Equities analysts predict that NV5 Global Inc will post 3.26 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in NVEE. BlackRock Inc. boosted its holdings in NV5 Global by 7.4% in the second quarter. BlackRock Inc. now owns 732,981 shares of the business services provider’s stock worth $59,663,000 after purchasing an additional 50,505 shares during the period. Neumeier Poma Investment Counsel LLC boosted its holdings in NV5 Global by 12.4% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 507,310 shares of the business services provider’s stock worth $41,295,000 after purchasing an additional 56,000 shares during the period. Vanguard Group Inc. boosted its holdings in NV5 Global by 1.8% in the second quarter. Vanguard Group Inc. now owns 491,054 shares of the business services provider’s stock worth $39,973,000 after purchasing an additional 8,544 shares during the period. Summit Creek Advisors LLC boosted its holdings in NV5 Global by 3.2% in the third quarter. Summit Creek Advisors LLC now owns 275,378 shares of the business services provider’s stock worth $18,800,000 after purchasing an additional 8,620 shares during the period. Finally, Wasatch Advisors Inc. boosted its holdings in NV5 Global by 19.1% in the second quarter. Wasatch Advisors Inc. now owns 215,540 shares of the business services provider’s stock worth $17,545,000 after purchasing an additional 34,543 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

About NV5 Global (NASDAQ:NVEE)

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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