Sherbrooke Park Advisers LLC Buys New Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Sherbrooke Park Advisers LLC bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,625 shares of the business services provider's stock, valued at approximately $219,000.

Several other institutional investors have also bought and sold shares of NVEE. BNP Paribas lifted 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 purchasing an additional 1,050 shares during the last quarter. Sterling Capital Management LLC lifted its position in 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 last quarter. Blue Trust Inc. lifted its position in 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 last quarter. SRS Capital Advisors Inc. lifted 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 valued at $68,000 after purchasing an additional 2,680 shares during the last quarter. Finally, KBC Group NV lifted its position in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after purchasing an additional 3,550 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Maxim Group lowered their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Roth Mkm raised their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. William Blair restated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Finally, StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.67.

NV5 Global Price Performance

NV5 Global stock opened at $22.31 on Wednesday. The firm has a 50-day moving average price of $18.16 and a 200-day moving average price of $19.07. The firm has a market capitalization of $1.46 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its 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 firm had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. As a group, equities research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global Company 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.

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