NV5 Global (NASDAQ:NVEE) Reaches New 1-Year Low - Time to Sell?

NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $12.12 and last traded at $17.92, with a volume of 691 shares traded. The stock had previously closed at $17.77.Analysts Set New Price TargetsA number of research firms recently weighed in on NVEE. Maxim Group decreased their target price 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. Roth Mkm upped their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th.Check Out Our Latest Report on NV5 GlobalNV5 Global Stock PerformanceThe company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The stock's 50 day moving average is $18.21 and its two-hundred day moving average is $20.81. NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm 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 expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year. NV5 Global announced that its Board of Directors has initiated a share buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued. Insider Activity at NV5 GlobalIn other NV5 Global news, VP Richard Tong sold 20,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.40% of the stock is owned by insiders. Institutional Trading of NV5 GlobalSeveral institutional investors have recently added to or reduced their stakes in the stock. QV Investors Inc. increased its stake in shares of NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock valued at $915,000 after acquiring an additional 43,790 shares in the last quarter. Nordea Investment Management AB increased its stake in NV5 Global by 313.3% during the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after purchasing an additional 73,944 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of NV5 Global by 292.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after buying an additional 37,384 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after buying an additional 2,483 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. increased its position in shares of NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock worth $1,334,000 after acquiring an additional 53,014 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors. NV5 Global Company Profile (Get Free Report)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.Read MoreFive stocks we like better than NV5 GlobalInsider Buying Explained: What Investors Need to KnowWhy Energy Transfer Belongs on Your WatchlistWhen to Sell a Stock for Profit or LossWhy Wayfair Stock May Be a Hidden Gem for Value InvestorsCanadian Penny Stocks: Can They Make You Rich? 3 Investments to Consider as China’s Market Heats UpThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in NV5 Global Right Now?Before you consider NV5 Global, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NV5 Global wasn't on the list.While NV5 Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here