11,625 Shares in NV5 Global, Inc. (NASDAQ:NVEE) Bought by Sherbrooke Park Advisers LLC

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

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank grew its holdings in NV5 Global by 306.0% in the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock valued at $2,172,000 after purchasing an additional 86,900 shares during the period. Linden Thomas Advisory Services LLC lifted its position in shares of NV5 Global by 292.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after buying an additional 37,384 shares in the last quarter. Bank of New York Mellon Corp grew its stake in NV5 Global by 1,572.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after acquiring an additional 1,420,417 shares during the period. Amundi increased its holdings in NV5 Global by 998.0% in the 4th quarter. Amundi now owns 25,178 shares of the business services provider's stock worth $482,000 after acquiring an additional 22,885 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in NV5 Global by 380.5% in the 4th quarter. Inspire Investing LLC now owns 21,224 shares of the business services provider's stock worth $400,000 after acquiring an additional 16,807 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVEE. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Maxim Group lowered their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Sidoti upgraded NV5 Global to a "hold" rating in a research report on Friday, May 16th. Finally, Wall Street Zen lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, NV5 Global has a consensus rating of "Hold" and an average target price of $25.67.

NV5 Global Price Performance

Shares of NASDAQ:NVEE traded down $0.02 during midday trading on Monday, hitting $22.14. The company's stock had a trading volume of 444,643 shares, compared to its average volume of 466,289. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14. The company has a market cap of $1.45 billion, a P/E ratio of 44.95, 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 quick ratio of 2.05 and a current ratio of 2.05. The business's 50 day simple moving average is $18.40 and its 200 day simple moving average is $18.99.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share 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 company had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. On average, 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.