NV5 Global (NASDAQ:NVEE) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

NV5 Global, Inc. (NASDAQ:NVEE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.96 and traded as low as $18.66. NV5 Global shares last traded at $18.82, with a volume of 128,760 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NVEE shares. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird cut their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th.

NV5 Global Stock Up 0.7 %

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 50 day moving average of $21.74 and a two-hundred day moving average of $22.90. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 3.21 and a beta of 1.19.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction dated Friday, December 13th. The stock was 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 owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On NV5 Global

Large investors have recently modified their holdings of the company. Innealta Capital LLC bought a new stake in NV5 Global during the 2nd quarter worth approximately $44,000. Blue Trust Inc. grew its holdings 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 buying an additional 632 shares in the last quarter. Net Worth Advisory Group purchased a new stake in NV5 Global in the 3rd quarter valued at $211,000. Handelsbanken Fonder AB lifted its stake in NV5 Global by 21.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 500 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in NV5 Global during the 2nd quarter worth $307,000. 75.54% of the stock is currently owned by 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.