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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $39.70.

Separately, Robert W. Baird decreased 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.

Insider Activity at Bowman Consulting Group

In other news, insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $22.09, for a total transaction of $31,897.96. Following the transaction, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now directly owns 20,248 shares of the company’s stock, valued at approximately $579,092.80. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,788 shares of company stock valued at $120,641. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new position in shares of Bowman Consulting Group in the 2nd quarter valued at approximately $96,000. Quantbot Technologies LP grew its holdings in 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 purchasing an additional 2,087 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV bought a new position in shares of Bowman Consulting Group in the third quarter valued at approximately $217,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Bowman Consulting Group in the second quarter worth $404,000. Finally, Rhumbline Advisers boosted its holdings in shares of Bowman Consulting Group by 34.5% during the 2nd quarter. Rhumbline Advisers now owns 15,830 shares of the company’s stock worth $503,000 after buying an additional 4,060 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

BWMN opened at $23.96 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 quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $420.02 million, a P/E ratio of -30.33 and a beta of 1.28. The stock has a fifty day moving average of $25.76 and a 200-day moving average of $26.13.

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.