NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 192,920.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,906 shares of the business services provider's stock after acquiring an additional 57,876 shares during the period. GAMMA Investing LLC owned 0.09% of NV5 Global worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas increased its holdings in shares of NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC boosted its position in NV5 Global by 3,320.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after buying an additional 1,461 shares during the last quarter. Blue Trust Inc. increased its holdings in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. raised its position in NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in NV5 Global during the 4th quarter valued at approximately $80,000. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Stock Performance

NASDAQ NVEE traded down $0.22 during mid-day trading on Thursday, reaching $22.73. 803,326 shares of the stock were exchanged, compared to its average volume of 497,793. The company has a market capitalization of $1.49 billion, a P/E ratio of 45.92, a P/E/G ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 1.86. The business's 50 day moving average is $19.88 and its 200-day moving average is $19.06. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. The firm had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. On average, equities research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVEE shares. Maxim Group dropped their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. William Blair restated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Roth Mkm lifted their price objective 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, Sidoti raised NV5 Global to a "hold" rating in a report on Friday, May 16th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.67.

About NV5 Global

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.