NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 800.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,131 shares of the business services provider's stock after purchasing an additional 50,789 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of NV5 Global worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in NV5 Global by 271.4% during the fourth quarter. Ameriprise Financial Inc. now owns 125,977 shares of the business services provider's stock worth $2,373,000 after purchasing an additional 92,056 shares in the last quarter. AXA S.A. boosted its position in NV5 Global by 300.0% during the fourth quarter. AXA S.A. now owns 118,760 shares of the business services provider's stock worth $2,237,000 after purchasing an additional 89,070 shares in the last quarter. Jane Street Group LLC boosted its position in NV5 Global by 195.2% during the fourth quarter. Jane Street Group LLC now owns 31,720 shares of the business services provider's stock worth $598,000 after purchasing an additional 20,976 shares in the last quarter. Connors Investor Services Inc. lifted its position in shares of NV5 Global by 389.9% in the fourth quarter. Connors Investor Services Inc. now owns 139,222 shares of the business services provider's stock valued at $2,623,000 after acquiring an additional 110,805 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of NV5 Global by 293.7% in the fourth quarter. Comerica Bank now owns 40,327 shares of the business services provider's stock valued at $760,000 after acquiring an additional 30,084 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Maxim Group reduced their price objective 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. Sidoti upgraded NV5 Global to a "hold" rating in a research report on Friday, May 16th. William Blair restated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.67.

NV5 Global Trading Down 0.1%

NASDAQ NVEE traded down $0.02 during trading hours on Monday, hitting $22.14. 444,643 shares of the company's stock were exchanged, compared to its average volume of 466,289. The business's 50 day moving average is $18.47 and its 200-day moving average is $18.98. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14. The firm has a market capitalization of $1.45 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. As a group, analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global 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.