NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC raised its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 17.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 73,872 shares of the business services provider's stock after buying an additional 11,120 shares during the period. Conestoga Capital Advisors LLC owned about 0.11% of NV5 Global worth $1,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVEE. BNP Paribas raised its position in 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 acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of NV5 Global by 3,320.5% during the 4th 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 during the period. Blue Trust Inc. grew its stake in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after purchasing an additional 1,864 shares during the period. GAMMA Investing LLC increased its holdings in shares of NV5 Global by 9,916.7% during the 1st quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock valued at $58,000 after purchasing an additional 2,975 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of NV5 Global by 296.5% in the 4th 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 during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on NVEE shares. Roth Mkm raised their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Sidoti raised NV5 Global to a "hold" rating in a report on Friday, May 16th. Finally, William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Up 0.7%

Shares of NASDAQ NVEE opened at $23.09 on Tuesday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14. The company's 50-day simple moving average is $19.65 and its 200-day simple moving average is $19.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. Equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

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.

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.