GAMMA Investing LLC Has $1.12 Million Position in NV5 Global, Inc. (NASDAQ:NVEE)

GAMMA Investing LLC increased its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 192,920.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,906 shares of the business services provider's stock after purchasing an additional 57,876 shares during the period. GAMMA Investing LLC owned 0.09% of NV5 Global worth $1,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas boosted its position in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after buying an additional 1,050 shares during the period. Sterling Capital Management LLC grew its stake in shares of 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 worth $28,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after purchasing an additional 2,680 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of NV5 Global during the fourth quarter valued at about $80,000. 75.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVEE. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Maxim Group cut their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. CJS Securities downgraded NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Finally, Lake Street Capital cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, NV5 Global currently has a consensus rating of "Hold" and an average target price of $25.67.

NV5 Global Stock Up 0.2%

Shares of NASDAQ:NVEE traded up $0.05 during midday trading on Tuesday, hitting $23.14. 14,247 shares of the stock were exchanged, compared to its average volume of 491,259. The company has a market capitalization of $1.52 billion, a PE ratio of 46.96, a P/E/G ratio of 2.63 and a beta of 1.14. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The business's fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $19.00.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly 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 9.34% and a net margin of 3.25%. The company had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. As a group, research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share 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.