Conestoga Capital Advisors LLC Buys 11,120 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Conestoga Capital Advisors LLC lifted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,872 shares of the business services provider's stock after acquiring an additional 11,120 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.11% of NV5 Global worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. BNP Paribas grew its stake in 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 purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC boosted its holdings 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 buying an additional 1,461 shares in the last quarter. Blue Trust Inc. grew its position 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 buying an additional 1,864 shares during the period. GAMMA Investing LLC increased its stake in shares of NV5 Global by 9,916.7% in the 1st quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock valued at $58,000 after acquiring an additional 2,975 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of 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 valued at $68,000 after acquiring an additional 2,680 shares during the period. 75.54% of the stock is owned by institutional investors.

NV5 Global Stock Down 0.4%

Shares of NVEE traded down $0.08 on Friday, reaching $22.65. The company's stock had a trading volume of 1,336,268 shares, compared to its average volume of 501,133. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The stock has a market capitalization of $1.49 billion, a PE ratio of 45.76, a PEG ratio of 1.44 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $20.00 and a 200-day moving average of $19.06.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 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 company had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. Equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on NVEE. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. William Blair restated a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. CJS Securities lowered NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, Maxim Group reduced their price objective 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. Six analysts have rated the stock with a hold rating and two have issued 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 target price of $25.67.

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.