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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.70.

Separately, Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Bowman Consulting Group Stock Performance

Shares of BWMN opened at $25.30 on Friday. The business has a 50-day simple moving average of $25.45 and a two-hundred day simple moving average of $26.25. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group has a 52 week low of $19.92 and a 52 week high of $42.90. The stock has a market cap of $443.51 million, a price-to-earnings ratio of -32.03 and a beta of 1.28.

Insider Activity at Bowman Consulting Group

In other news, insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $22.09, for a total transaction of $31,897.96. Following the completion of the transaction, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen A. Riddick sold 2,288 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $28.60, for a total value of $65,436.80. Following the completion of the sale, the director now owns 20,248 shares in the company, valued at $579,092.80. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,788 shares of company stock valued at $120,641. 20.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BWMN. Quantbot Technologies LP grew its position in Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after acquiring an additional 2,087 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Bowman Consulting Group in the 2nd quarter worth approximately $96,000. Acorn Financial Advisory Services Inc. ADV bought a new position in shares of Bowman Consulting Group during the 3rd quarter valued at approximately $217,000. Cubist Systematic Strategies LLC bought a new position in shares of Bowman Consulting Group during the 2nd quarter valued at approximately $404,000. Finally, Rhumbline Advisers raised its holdings in Bowman Consulting Group by 34.5% during the 2nd quarter. Rhumbline Advisers now owns 15,830 shares of the company’s stock valued at $503,000 after buying an additional 4,060 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Company Profile

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.