NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) VP Richard Tong sold 20,000 shares of the 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 sale, the vice president now directly owns 45,584 shares of the company's stock, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NV5 Global Stock Down 2.4 %
Shares of NVEE stock opened at $19.50 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 3.21 and a beta of 1.19. NV5 Global, Inc. has a one year low of $19.31 and a one year high of $28.75. The company's fifty day moving average price is $22.35 and its 200-day moving average price is $23.11.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on NVEE shares. Robert W. Baird reduced their price target on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday.
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in NVEE. Innealta Capital LLC acquired a new position in shares of NV5 Global during the 2nd quarter worth about $44,000. Blue Trust Inc. lifted its stake in NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider's stock worth $60,000 after purchasing an additional 632 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of NV5 Global in the 3rd quarter valued at $211,000. Handelsbanken Fonder AB grew its position in NV5 Global by 21.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider's stock valued at $262,000 after buying an additional 500 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of NV5 Global by 576.9% in the second quarter. First Horizon Advisors Inc. now owns 2,965 shares of the business services provider's stock valued at $276,000 after purchasing an additional 2,527 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.
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.
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