NV5 Global, Inc. (NASDAQ:NVEE) Position Increased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 242.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,368 shares of the business services provider's stock after buying an additional 49,801 shares during the period. Balyasny Asset Management L.P. owned about 0.11% of NV5 Global worth $1,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BNP Paribas increased its stake in shares of NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after buying an additional 1,050 shares during the last quarter. Sterling Capital Management LLC increased its stake 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. increased its stake 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. JPMorgan Chase & Co. increased its stake in NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake 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. Institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

NVEE has been the subject of several recent research reports. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday. Maxim Group lowered their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Roth Mkm boosted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, William Blair reiterated a "market perform" rating on shares of NV5 Global in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Performance

Shares of NV5 Global stock traded down $0.14 during trading on Friday, hitting $22.05. 1,649,109 shares of the stock were exchanged, compared to its average volume of 455,062. The stock's fifty day moving average is $17.98 and its 200 day moving average is $19.11. The stock has a market cap of $1.45 billion, a PE ratio of 44.77, a P/E/G 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. 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 posted its quarterly earnings data 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). The company had revenue of $123.20 million during 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%. As a group, sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current 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.