Kennedy Capital Management LLC Buys 199,046 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Kennedy Capital Management LLC grew its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 172.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 314,192 shares of the business services provider's stock after purchasing an additional 199,046 shares during the period. Kennedy Capital Management LLC owned about 0.48% of NV5 Global worth $5,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVEE. Blue Trust Inc. increased its holdings in NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of NV5 Global by 296.5% during the 4th 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 in the last quarter. KBC Group NV lifted its stake in shares of NV5 Global by 527.5% in the 4th 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. Essex Investment Management Co. LLC boosted its holdings in NV5 Global by 300.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock worth $106,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Cetera Trust Company N.A increased its position in NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after buying an additional 3,570 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages have weighed in on NVEE. Maxim Group reduced their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st.

NV5 Global Stock Performance

NASDAQ NVEE traded down $0.15 during trading on Tuesday, hitting $15.94. The company's stock had a trading volume of 353,375 shares, compared to its average volume of 412,058. NV5 Global, Inc. has a 52 week low of $15.14 and a 52 week high of $26.14. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.04 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The firm has a 50 day moving average price of $17.93 and a 200 day moving average price of $19.91.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. Equities research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global announced that its Board of Directors has initiated a share repurchase program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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.