Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Rating of “Buy” by Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Free Report) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $39.70.

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

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Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of Bowman Consulting Group stock in a transaction on Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the sale, the director now owns 20,248 shares in the company, valued at $579,092.80. The trade was a 10.15 % 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. 20.40% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

Several institutional investors have recently made changes to their positions in the business. 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 valued at $94,000 after acquiring an additional 2,087 shares during the period. Point72 Asset Management L.P. bought a new stake in Bowman Consulting Group during the second quarter worth about $96,000. SG Americas Securities LLC bought a new position in shares of Bowman Consulting Group in the fourth quarter valued at approximately $147,000. Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of Bowman Consulting Group in the 3rd quarter worth approximately $217,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Bowman Consulting Group during the 2nd quarter valued at $404,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Up 1.8 %

Bowman Consulting Group stock opened at $25.12 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group has a fifty-two week low of $19.92 and a fifty-two week high of $42.90. The firm has a fifty day moving average price of $25.97 and a two-hundred day moving average price of $25.49. The firm has a market cap of $440.35 million, a price-to-earnings ratio of -31.80, a P/E/G ratio of 5.77 and a beta of 1.28.

About Bowman Consulting Group

(Get Free Report

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.

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Analyst Recommendations for Bowman Consulting Group (NASDAQ:BWMN)

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