Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $40.10 Consensus PT from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned an average rating of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $40.10.

A number of brokerages recently weighed in on BWMN. Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Roth Mkm dropped their price target on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Bowman Consulting Group Stock Down 2.2 %

Shares of NASDAQ BWMN opened at $20.63 on Monday. The company has a 50 day simple moving average of $23.24 and a 200-day simple moving average of $28.71. The company has a market capitalization of $364.47 million, a P/E ratio of -30.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. Bowman Consulting Group has a 1 year low of $20.48 and a 1 year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. The company had revenue of $104.50 million during the quarter, compared to analyst estimates of $113.01 million. On average, equities research analysts predict that Bowman Consulting Group will post -0.36 earnings per share for the current year.

Insider Transactions at Bowman Consulting Group

In other news, President Michael Bruen sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.29, for a total value of $156,450.00. Following the transaction, the president now directly owns 375,739 shares in the company, valued at approximately $11,756,873.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Bowman Consulting Group news, CEO Gary Bowman sold 4,002 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the transaction, the chief executive officer now owns 919,500 shares of the company’s stock, valued at approximately $22,141,560. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.29, for a total transaction of $156,450.00. Following the completion of the transaction, the president now directly owns 375,739 shares in the company, valued at $11,756,873.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,346 shares of company stock valued at $375,487 over the last 90 days. Corporate insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Bowman Consulting Group by 28.0% during the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after purchasing an additional 144,978 shares during the period. Pembroke Management LTD boosted its holdings in shares of Bowman Consulting Group by 19.8% during the second quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock worth $20,569,000 after purchasing an additional 106,926 shares during the period. Summit Creek Advisors LLC lifted its stake in Bowman Consulting Group by 15.1% in the second quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company’s stock valued at $10,990,000 after acquiring an additional 45,451 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in Bowman Consulting Group by 28.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock valued at $6,566,000 after acquiring an additional 41,669 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Bowman Consulting Group by 87.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after acquiring an additional 87,410 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.