Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $39.70 Average Price Target from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received an average recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.70.

BWMN has been the topic of a number of research reports. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Roth Mkm cut their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the sale, the chief executive officer now owns 919,500 shares in the company, valued at $22,141,560. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the sale, the insider now directly owns 196,888 shares of the company’s stock, valued at $4,349,255.92. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,202 shares of company stock valued at $168,400 over the last 90 days. 20.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Bowman Consulting Group during the 2nd quarter worth approximately $96,000. Quantbot Technologies LP lifted its holdings in shares of Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Bowman Consulting Group in the first quarter valued at about $226,000. Comerica Bank grew its stake in shares of Bowman Consulting Group by 18.2% in the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Bowman Consulting Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock worth $294,000 after acquiring an additional 393 shares during the period. 63.20% of the stock is owned by institutional investors.

Bowman Consulting Group Stock Performance

Shares of Bowman Consulting Group stock opened at $27.26 on Friday. Bowman Consulting Group has a 12 month low of $19.92 and a 12 month high of $42.90. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $477.87 million, a PE ratio of -34.51 and a beta of 1.12. The stock’s fifty day simple moving average is $23.14 and its 200 day simple moving average is $27.50.

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.