NV5 Global, Inc. (NASDAQ:NVEE) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 516.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,140 shares of the business services provider’s stock after acquiring an additional 97,290 shares during the quarter. Bank of America Corp DE owned 0.18% of NV5 Global worth $2,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BNP Paribas grew its position 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 valued at $26,000 after purchasing an additional 1,050 shares during the period. BNP Paribas Financial Markets grew its position in shares of NV5 Global by 800.8% in the fourth quarter. BNP Paribas Financial Markets now owns 57,131 shares of the business services provider’s stock valued at $1,076,000 after purchasing an additional 50,789 shares during the period. Ameriprise Financial Inc. grew its position in shares of NV5 Global by 271.4% in the fourth quarter. Ameriprise Financial Inc. now owns 125,977 shares of the business services provider’s stock valued at $2,373,000 after purchasing an additional 92,056 shares during the period. AXA S.A. grew its position in shares of NV5 Global by 300.0% in the fourth quarter. AXA S.A. now owns 118,760 shares of the business services provider’s stock valued at $2,237,000 after purchasing an additional 89,070 shares during the period. Finally, Jane Street Group LLC grew its position in shares of NV5 Global by 195.2% in the fourth quarter. Jane Street Group LLC now owns 31,720 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 20,976 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Price Performance

NV5 Global stock opened at $22.06 on Tuesday. The company’s 50 day simple moving average is $18.78 and its 200-day simple moving average is $18.95. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. 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 (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, equities research analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Maxim Group dropped their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. William Blair reissued a “market perform” rating on shares of NV5 Global in a research note on Thursday, May 15th. Roth Mkm raised their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Lake Street Capital downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Sidoti raised shares of NV5 Global to a “hold” rating in a research note 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 stock. Based on data from MarketBeat, NV5 Global currently has a consensus rating of “Hold” and an average price target of $25.67.

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.