Squarepoint Ops LLC boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 349.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,148 shares of the business services provider's stock after purchasing an additional 115,219 shares during the period. Squarepoint Ops LLC owned about 0.23% of NV5 Global worth $2,791,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of NVEE. Two Sigma Advisers LP grew its holdings in shares of NV5 Global by 1,727.0% during the 4th quarter. Two Sigma Advisers LP now owns 67,600 shares of the business services provider's stock worth $1,274,000 after acquiring an additional 63,900 shares during the period. Two Sigma Investments LP boosted its position in shares of NV5 Global by 527.8% during the fourth quarter. Two Sigma Investments LP now owns 187,229 shares of the business services provider's stock valued at $3,527,000 after purchasing an additional 157,406 shares in the last quarter. State of Wyoming grew its stake in NV5 Global by 200.5% in the fourth quarter. State of Wyoming now owns 7,764 shares of the business services provider's stock worth $146,000 after purchasing an additional 5,180 shares during the period. Sherbrooke Park Advisers LLC bought a new position in NV5 Global in the fourth quarter worth $219,000. Finally, Redwood Grove Capital LLC lifted its position in NV5 Global by 300.0% during the fourth quarter. Redwood Grove Capital LLC now owns 539,108 shares of the business services provider's stock valued at $10,157,000 after buying an additional 404,331 shares during the period. Institutional investors own 75.54% of the company's stock.
Analyst Upgrades and Downgrades
NVEE has been the subject of several research reports. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Maxim Group cut their price objective on shares of 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 shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Sidoti raised NV5 Global to a "hold" rating in a research report on Friday, May 16th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $25.67.
Get Our Latest Research Report on NVEE
NV5 Global Stock Performance
Shares of NV5 Global stock traded down $0.10 during trading on Friday, hitting $22.17. 538,640 shares of the company's stock traded hands, compared to its average volume of 466,823. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. The business has a 50-day simple moving average of $18.72 and a 200-day simple moving average of $18.95. The stock has a market capitalization of $1.46 billion, a P/E ratio of 45.02, a PEG 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 (NASDAQ:NVEE - Get Free Report) last posted 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). The company had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.
NV5 Global Profile
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Free Report)
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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