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

ProShare Advisors LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 479.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,113 shares of the business services provider's stock after purchasing an additional 14,159 shares during the quarter. ProShare Advisors LLC's holdings in NV5 Global were worth $322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas lifted its stake in NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after acquiring an additional 1,461 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after acquiring an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. increased its position in 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 worth $68,000 after buying an additional 2,680 shares during the period. Finally, KBC Group NV boosted its holdings in shares of NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,550 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NVEE shares. Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Sidoti upgraded NV5 Global to a "hold" rating in a research report on Friday, May 16th. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, William Blair reissued a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, NV5 Global presently has an average rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Down 0.4%

NV5 Global stock traded down $0.10 during midday trading on Friday, hitting $22.17. 538,640 shares of the company were exchanged, compared to its average volume of 466,823. The company's fifty day moving average price is $18.72 and its 200-day moving average price is $19.01. The company has a market cap of $1.46 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. On average, research analysts predict that NV5 Global, Inc. will post 1.26 EPS 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.