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Geneva Capital Management LLC Has $33.22 Million Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

NV5 Global logo with Business Services background

Key Points

  • Geneva Capital Management LLC increased its stake in NV5 Global, Inc. by 6.5%, holding approximately 1.72 million shares valued at about $33.22 million.
  • NV5 Global reported earnings per share (EPS) of $0.17, missing analysts' estimates of $0.20, and had a total revenue of $123.20 million for the quarter.
  • The stock has experienced a downgrade from a "buy" to a "hold" rating by multiple research analysts, with an average price target of $25.67.
  • MarketBeat previews the top five stocks to own by September 1st.

Geneva Capital Management LLC grew its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,723,679 shares of the business services provider's stock after purchasing an additional 105,204 shares during the period. Geneva Capital Management LLC owned approximately 2.63% of NV5 Global worth $33,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NVEE. BNP Paribas raised its holdings 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 valued at $26,000 after purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC raised its holdings in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after purchasing an additional 1,461 shares during the period. GAMMA Investing LLC increased its position in shares of NV5 Global by 9,916.7% during the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock worth $58,000 after acquiring an additional 2,975 shares in the last quarter. Signaturefd LLC bought a new stake in shares of NV5 Global during the first quarter worth about $66,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of NV5 Global during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 75.54% of the company's stock.

NV5 Global Trading Up 0.5%

Shares of NVEE stock opened at $22.56 on Monday. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $25.96. 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 company has a 50-day simple moving average of $22.76 and a two-hundred day simple moving average of $19.82. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 1.43 and a beta of 1.11.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $229.89 million. Research analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on NVEE shares. Wall Street Zen downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Sidoti raised shares of NV5 Global to a "hold" rating in a research report on Friday, May 16th. Finally, Maxim Group reissued a "hold" rating on shares of NV5 Global in a research report on Thursday, July 3rd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.67.

View Our Latest Stock Report on NV5 Global

NV5 Global Profile

(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.

See Also

Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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